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P12-2 Analyzing Comparative Financial Statements by Using Percentages and Selected Ratios LO12-5, 12-6, 12-9 The comparative finandal statements peepared at December 31, year 2, for

image text in transcribed P12-2 Analyzing Comparative Financial Statements by Using Percentages and Selected Ratios LO12-5, 12-6, 12-9 The comparative finandal statements peepared at December 31, year 2, for Goldfish Compary showed the folowing summarized data: 'One-third was credit sales. tDuring Year 2, cash dividends amounting to \$8,200 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 follawing for year 2 : 2-a. Percentage markup on sales. (Round percentage answer to 1 decimal place (i.c., 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).) 2c Net profit margin ratio. Was it a good or pooc indicator of performance? (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).) 2-d. Percentage of total resources irwested in property, plant, and equipment. (Round percentage answer to 2 decimal places (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.) 24. Acturn on assets. Assume that long-term debt increased to $46,150 in month 1 of year 2 . (Plound intermediate calculations to 3 decimal places and percentage answer to 2 decimal places (Le., 0.1243 should be entered as 12.43).J

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