Required information (The following information applies to the questions displayed below.) The comparative financial statements for Prince Company are below: Year 2 Year 1 $216,000 118,500 97,500 58,600 38,900 10,600 $ 28,300 $173,500 102,600 70,900 54,300 16,600 5,300 $ 11,300 Income statement : Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (128 interest) Common stock ($5 par value, 7,300 shares outstanding) Retained earnings Total liabilities and stockholders' equity $ 6,600 15,300 42,600 48,900 $113,400 $ 17,300 46,300 36,500 13,300 $113,400 $ 8,300 19,300 39,200 40,600 $ 107, 400 $ 18,300 46,300 36,500 6,300 $107,400 Required: 1. Compute component percentages for Year 2. (Enter your answers as a percenta should be entered as 12.34).) PRINCE COMPANY Income Statement Component Percentages Year 2 Sales revenue Cost of goods sold Gross profit on sales Operating expenses Pretax income Income taxes Net income % 2. Compute the two components of ROA (total asset turnover and net profit margin) for Year 2. (Round your answers to 2 decimal places.) Total asset tumover Net profit margin