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The comparative financial statements for Prince Company are below: Year 2 Year 1 Income statement: Sales revenue $ 198,000 $ 169,000 Cost of goods sold

The comparative financial statements for Prince Company are below: Year 2 Year 1 Income statement: Sales revenue $ 198,000 $ 169,000 Cost of goods sold 114,000 100,800 Gross profit 84,000 68,200 Operating expenses and interest expense 56,800 53,400 Pretax income 27,200 14,800 Income tax 8,800 4,400 Net income $ 18,400 $ 10,400 Balance sheet: Cash $ 4,800 $ 7,400 Accounts receivable (net) 14,400 18,400 Inventory 40,800 34,400 Property and equipment (net) 46,200 38,800 Total assets $ 106,200 $ 99,000 Current liabilities (no interest) $ 16,400 $ 17,400 Long-term liabilities (10% interest) 45,400 45,400 Common stock ($5 par value, 6,160 shares outstanding) 30,800 30,800 Retained earnings 13,600 5,400 Total liabilities and stockholders' equity $ 106,200 $ 99,000

Assume that the stock price per share is $32 and that dividends in the amount of $5.50 per share were paid during Year 2. Compute the following ratios: (Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

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