The comparative financial statements for Prince Company are below: Year 2 Year 1 $200,000 114,500 85,500 57,000 28,500 9,000 $ 19,500 $169,500 101,000 68,500 53,500 15,000 4,500 $ 10,500 U? 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 (12% interest) Common stock ($5 par value, 6,500 shares outstanding) Retained earnings Total liabilities and stockholders' equity $ 5,000 14,500 41,000 46,500 $ 107,000 $ 16,500 45,500 32,500 12,500 $107,000 $ 7,500 18,500 36,000 39,000 $ 101,000 $ 17,500 45,500 32,500 5,500 $ 101,000 Required: 1. Compute component percentages for Year 2. (Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 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 % PRINCE COMPANY Balance Sheet Component Percentages Year 2 % Cash Accounts receivable (net) Inventory Operational assets (net) Total assets 0.00 % Current liabilities % % Long-term liabilities (12% interest) Common stock ($5 par value, 6,500 shares outstanding) % Retained earnings % Total liabilities and stockholders' equity 0.00 % 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 turnover Net profit margin %