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only need 2a 2d 2e 2f 2g 2h *One-third was credit sales. During Year 2, cash dividends amounting to $6,500 were declared and paid. Required:
only need 2a 2d 2e 2f 2g 2h
*One-third was credit sales. During Year 2, cash dividends amounting to $6,500 were declared and paid. Required: 1. Present component percentages for Year 2 only. (Input all amounts as positive values. 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. Percentage markup on sales. (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 as 12.4).) 2-c. Net profit margin ratio. Was it a good or poor indicator of performance? (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43 ).) 2-h. Financial leverage percentage. Did borrowing from creditors benefit shareholders? (Round intermediate calculations and final answer to 2 decimal places.)Step by Step Solution
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