Quarterly data for Nvidia Inc. for the most recent 10 quarters follows ($ millions).

			Cost of
Fiscal Year	Fiscal Quarter	Total Assets	Goods Sold	Inventories	Revenue
2016	4	$8,660	$725	$794	$2,173
2017	1	8,281	651	821	1,937
2017	2	8,274	774	855	2,230
2017	3	8,650	896	857	2,636
2017	4	9,892	929	796	2,911
2018	1	10,085	952	797	3,207
2018	2	11,336	958	1,090	3,123
2018	3	12,018	1,037	1,417	3,181
2018	4	11,697	791	1,575	2,205
2019	1	12,338	733	1,426	2,220

On November 16, 2018, after Nvidia's third quarter (Q3) 2018 earnings release, ExtremeTech reported: Nvidia stocks plummeted on Friday after the company released its earnings report. The company has, as of this writing, lost about 16 percent of its previous valuation. But what happens to a company after it reports earnings doesn't always make sense from a technical perspective. Nvidia's stock has taken a hammering today for basically having a weak Q3. Revenue in Nvidia's fiscal year Q3 2019 (Nvidia's calendar runs a year ahead of the actual physical date) was up significantly compared with the same time last year, but flat in Q3 compared with Q2. Nvidia's margin slipped a tiny bit but it's the company's inventory build that has analysts worried. Nvidia is currently holding $1.417 B in product, up from $796 M in January 2018 and $1.09 B in Q2 2018. Nvidia blames this problem entirely on the decline of the cryptography market and has stated it will ship no new midrange cards to market through Q4 to give the channel time to work through the excess inventory build-up. a. Calculate the inventory as a percent of total assets. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%).

Fiscal Year	Fiscal Quarter	Inventories / Total Assets
2016	4	Answer 1
2017	1	Answer 2
2017	2	Answer 3
2017	3	Answer 4
2017	4	Answer 5
2018	1	Answer 6
2018	2	Answer 7
2018	3	Answer 8
2018	4	Answer 9
2019	1	Answer 10

b. Is the "inventory build" referred to by ExtremeTech significant in commonsize terms? Answer 11 Yes in terms of dollar onlyYes in terms of percentage onlyYes in terms of both dollars and percentagesNo in terms of dollars and percentages c. Determine the gross profit margin for each quarter. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%).

Fiscal Year	Fiscal Quarter	Gross Profit Margin
2016	4	Answer 12
2017	1	Answer 13
2017	2	Answer 14
2017	3	Answer 15
2017	4	Answer 16
2018	1	Answer 17
2018	2	Answer 18
2018	3	Answer 19
2018	4	Answer 20
2019	1	Answer 21

d. Did the margin slip a "tiny bit" in Q3 2018? Had the company maintained the gross margin in Q3 2018 as in Q2 2018, operating income would have been about $Answer 22

million higher. e. Have margins and inventory levels improved in the quarters subsequent to the ExtremeTech report? Answer 23 Results improved in all subsequent quartersResults worsened in all subsequent quartersResults in subsequent periods were mixed