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1. What's its gross margin and gross margin ratio for 2016. If the average of the market is 40% for the gross margin ratio, what does your result from the above imply?

2. Inventory turnover ans day's sales in inventory for 09/24/2016? Give a comment on your answers, assuming the market average of 15 for inventory turnover and 9 for days' sales

September 24, 2018 Year ended September 26, 2015 233.715 140.080 93.626 215.639 September 21 2014 182.795 112.258 70.537 131.376 Coal of sales Gross margin 84.260 Operating expenses Research and development Selling, general and administrative Total operating experts 10,045 14,194 24.230 8.067 14.329 22.305 6.041 11.993 18.034 Operating income Other income expert.net Income before provision for income Provision for women Netcome 60,00 1,348 01,372 15.6 45.667 71.230 1285 72515 10.121 53 304 52.500 900 93403 13.073 30.510 Earnings per the 6:49 8.35 8.31 $ 5 5 5 Ded 9.22 Sharested in computing earnings per share Basic Diluted 5.470.020 5.500.281 5.753.421 5.793.069 6,085,572 6,122.663 Cash dividends declared persone 2.18 1.98 $ 1.82 September 24, 2016 ASSETS: Current assots: Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowances of $53 and 563, respectively Inventories Vendor non-trade receivables Other current assets Total current assets 20.484 46.671 15.754 2.132 13 545 8.283 106.869 Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other non-current assets Total assets 170.430 27.010 5.414 3.200 8.757 321.686 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities Accounts payable Accrued expenses Deferred revenue Commercial paper Current portion of long-term debe Total current liabilities 37 294 22.027 8.060 8,105 3.100 70.006 Deferred revenue, non current Long-term debit Other non-current abilities Total liabilities 2.030 75.427 36.074 193.437 Commitments and contingencies Shareholders' equily: Common stock and additional paid-in capital $0.00001 par value: 12 600 000 shares authorized: 5,336,166 and 5,578,753 shares issued and outstanding. respectively Retained earnings Accumulated other comprehensive income foss) Total shareholders' equity Total liabilities and shareholders' equity 31.251 96,364 634 128,249 321,686 September 24, 2016 21,120 45.687 10,505 4.210 4,938 1.095 217 (51) 1,090 1,791 (1,554) (2.104) 65,824 Cash and cash equivalents, beginning of the year Operating activities: Net income Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Deferred Income tax expense Changes in operating assets and liabilities: Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities Investing activities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments made in connection with business acquisitions, net Payments for acquisition of property, plant and equipment Payments for acquisition of intangible assets Payments for strategic investments Other Cash used in investing activities Financing activities Proceeds from issuance of common stock Excess tax benefits from equity awards Payments for taxes related to net share settlement of equity awards Payments for dividends and dividend equivalents Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term debt Change in commercial paper, not Cash used in financing activities Increase(Decrease) in cash and cash equivalents Cash and cash equivalents, end of the year Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest (142,428) 21.258 90,536 (297) (12,734) (814) (1.388) (110) (45,977) 495 407 (1.570) (12.150) (29,722) 24,954 (2.500) (397) (20.483) (636) 20,484 10.444 1.316

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