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Please help with 2-e and 2-f P12-2 (Algo) Analyzing Comparative Financial Statements by Using Component Percentages and Selected Ratios L012-5, 12-7, 12-10 The comparative financial
Please help with 2-e and 2-f
P12-2 (Algo) Analyzing Comparative Financial Statements by Using Component Percentages and Selected Ratios L012-5, 12-7, 12-10 The comparative financial statements prepared at December 31, year 2, for Goldfish Company showed the following summarized d *One-third was credit sales. During Year 2, cash dividends amounting to $5,000 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. 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 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-d. Percentage of total resources invested 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.) 2-f. Return on assets. (Round intermediate calculations to 3 decimal places and percentage answer to 2 decimal places i.e., 0.124 should be entered as 12.43.) 2-g. Return on equity. (Round percentage answer to 2 decimal places i.e., 0.1243 should be entered as 12.43.)Step by Step Solution
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