| 1 | Toyota' s net profit fell sharply, but was better than expected. | |
| 2 | Since replacement costs are only part of the profits, net profits are higher. | |
| 3 | First-quarter net profit rose by more than 25 percent this year, buoyed by a jump in passenger numbers. | |
| 4 | For Stockholders Equity, you need to back out the current year' s net income because we started with that. | |
| 5 | Gross margins currently sit at an incredible 73%; meanwhile, net margins have climbed to 16% -- and continue to grow. |
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