Question: Please give me an answer, but not the one that is already posted, that one does not look good. Refer to the income statements presented

Please give me an answer, but not the one that is already posted, that one does not look good.

Refer to the income statements presented in Exhibits 2.9, 2.10, 2.11, 2.12, and 2.13 for Callaway Golf Company, Sudzucker AG, Melia Hotels International S.A., Thai Airways Limited, and Tesco PLC.

Required:

a. Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for each of these companies for the most recent year presented. If a particular ratio cannot be calculated, explain why not.

b. Is it valid to compare the profit margins calculated in part (a) across these companies in assessing relative profitability? Why or why not?

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