Use the data given in P13-1 for Goldfish Company. section*{Required:} 1. Present component percentages for 2011 only.
Question:
Use the data given in P13-1 for Goldfish Company.
\section*{Required:}
1. Present component percentages for 2011 only.
2. Answer the following for 2011 :
a. What was the average percentage markup on sales?
b. What was the average income tax rate?
c. Compute the profit margin. Was it a good or poor indicator of performance"? Explain.
d. What percentage of total resources was invested in property, plant, and equipment?
e. Compute the debt-to-equity ratio. Does it look good or bad? Explain.
\(f\). What was the return on assets?
g. What was the return on equity?
h. Compute the financial leverage percentage. Did borrowing from creditors benefit shareholders? Explain.
Step by Step Answer:
Financial Accounting
ISBN: 9780070001497
4th Canadian Edition
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby