1) Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). Income statement information: Net sales $ 1,050 Cost of goods sold $ 475 Operating expenses $ 395 Net income $ 300 Balance sheet information: Average total equity $ 1,500 Average total assets $ 3,100 Supreme reported earnings per share for the year of $5 and paid cash dividends of $2 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $79 per share. Supreme's gross profit rate was:

Multiple Choice 45.24%. 54.76%. 17.14%. 28.57%.

2) Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). Income statement information: Net sales $ 1,350 Cost of goods sold $ 550 Operating expenses $ 470 Net income $ 450 Balance sheet information: Average total equity $ 3,000 Average total assets $ 4,600 Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $94 per share. What was Supreme's operating income (in millions)?

Multiple Choice $800 $450 $330 $550

3) Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). Income statement information: Net sales $ 1,110 Cost of goods sold $ 490 Operating expenses $ 410 Net income $ 330 Balance sheet information: Average total equity $ 1,800 Average total assets $ 3,400 Supreme reported earnings per share for the year of $5 and paid cash dividends of $2 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $82 per share. Supreme's return on equity was:

Multiple Choice 11.67%. 34.44%. 7.92%. 18.33%.

4) Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). Income statement information: Net sales $ 1,070 Cost of goods sold $ 480 Operating expenses $ 400 Net income $ 310 Balance sheet information: Average total equity $ 1,600 Average total assets $ 3,200 Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $80 per share. Supreme's price-earnings ratio at year end was:

Multiple Choice 25.00. 20.00. 100.00. 4.00.