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I need help i got everything wrong P12-2 (Algo) Analyzing Comparative Financial Statements by Using Component Percentages and Selected Ratios LO12-5, 12-7, 1210 Required: 1.
I need help i got everything wrong
P12-2 (Algo) Analyzing Comparative Financial Statements by Using Component Percentages and Selected Ratios LO12-5, 12-7, 1210 Required: 1. Present component percentages for Year 2 only. (Input all amounts os positive volues. Round the final answers to the nearest whole percent. Percentages may not add exactly due to rounding.) Compute the following for year 2 : 2-a. Gross profit margin ratio. (Round percentage answer to 1 decimal place i.e., 0.124 should be entered as 12.4 .) 2.b. Income tax rate. (Round percentage answer to 1 decimal place i.e., 0.124 should be entered os 12.4.) Answer is complete but not entirely correct. 2-c. Net profit margin ratio. Was it a good or poor indicator of performance? (Round percentoge answer to 2 decimal places i. 0.1243 should be entered as 12.43 .) 2-d. Percentage of total resources invested in property, plant, and equipment. (Round percentage onswer to 2 docimol ploces i.e., 0.1243 should be entered as 12.43 .) 2-e. Debt-to-equity ratio. Interpret the result. (Round the final answer to 2 decimal places.) Answer is complete but not entirely correct. 2-f. Return on assets. (Round intermediate calculations to 3 decimal places and percentage onswer to 2 decimal places i.e., 0.1243 should be entered as 12.43.) 2-g. Return on equity. (Round percentage onswer to 2 decimal places i.e., 0.1243 should be entered as 12.43.) P12-2 (Algo) Analyzing Comparative Financial Statements by Using Component Percentages and Selected Ratios LO12-5, 12-7, 1210 Required: 1. Present component percentages for Year 2 only. (Input all amounts os positive volues. Round the final answers to the nearest whole percent. Percentages may not add exactly due to rounding.) Compute the following for year 2 : 2-a. Gross profit margin ratio. (Round percentage answer to 1 decimal place i.e., 0.124 should be entered as 12.4 .) 2.b. Income tax rate. (Round percentage answer to 1 decimal place i.e., 0.124 should be entered os 12.4.) Answer is complete but not entirely correct. 2-c. Net profit margin ratio. Was it a good or poor indicator of performance? (Round percentoge answer to 2 decimal places i. 0.1243 should be entered as 12.43 .) 2-d. Percentage of total resources invested in property, plant, and equipment. (Round percentage onswer to 2 docimol ploces i.e., 0.1243 should be entered as 12.43 .) 2-e. Debt-to-equity ratio. Interpret the result. (Round the final answer to 2 decimal places.) Answer is complete but not entirely correct. 2-f. Return on assets. (Round intermediate calculations to 3 decimal places and percentage onswer to 2 decimal places i.e., 0.1243 should be entered as 12.43.) 2-g. Return on equity. (Round percentage onswer to 2 decimal places i.e., 0.1243 should be entered as 12.43.) Step by Step Solution
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