Shown below are data taken from a recent annual report of, Topaz, Inc. (Dollar amounts in millions.)

Beginning End

of Year of Year

Balance sheet data:

Current assets......................................................... $ 625 $700

Total assets............................................................ $1,050 $1,200

Current liabilities.................................................... $275 $175

Total liabilities....................................................... $475 $475

Total stockholders equity....................................... $575 $725

Income statement data:

Net sales................................................................ $1,900

Gross profit............................................................ $900

Operating income................................................... $450

Net income............................................................ $300

.

Instructions Compute the following:

a Current ratio at year-end (round to nearest tenth) ________ to 1

b Working capital at the beginning of the year

(in millions) $____________

c Gross profit rate for the year (round to the

nearest 1 percent) ______%

d Return on average total assets for the year

(round to the nearest 1 percent) ______%

e Return on average total equity for the year

(round to the nearest 1 percent) ______%