The comparative financial statements prepared at December $31,$ year $2,$ for Goldfish Company showed the following summarized data:

Year $2$ Year $1$

Statement of Earnings

Sales revenue $ $253,510*$ $ $215,000$

Cost of sales $194,800164,000$

Gross profit $58,71051,000$

Operating expenses and interest expense $44,12039,300$

Earnings before income taxes $14,59011,700$

Income tax expense $3,7402,800$

Net earnings $ $10,850$ $ $8,900$

Statement of Financial Position

Cash $ $4,480$ $ $9,000$

Accounts receivable $($net$)17,87021,500$

Inventory $45,63040,000$

Property, plant, and equipment $($net$)44,92038,000$

$ $112,900$ $ $108,500$

Current liabilities $($no interest$)$ $ $16,140$ $ $19,400$

Long$-$term debt $($interest rate: $10\%)41,41037,000$

Common shares $(6,000$ shares$)36,00036,000$

Retained earnings$19,35016,100$

$ $112,900$ $ $108,500$

$*$One$-$third was credit sales.

$$During Year $2,$ cash dividends amounting to $$7,600$ 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$.,0\mathrm{.}124$ should be entered as $12\mathrm{.}4.)$

$2-$b$.$ Income tax rate. $($Round percentage answer to $1$ decimal place i$.$e$.,0\mathrm{.}124$ should be entered as $12\mathrm{.}4.)$

$2-$c$.$ Net profit margin ratio. Was it a good or poor indicator of performance? $($Round percentage answer to $2$ decimal places i$.$e$.,0\mathrm{.}1243$ should be entered as $12\mathrm{.}43.)$

$2-$d$.$ Percentage of total resources invested in property, plant, and equipment. $($Round percentage answer to $2$ decimal places i$.$e$.,0\mathrm{.}1243$ should be entered as $12\mathrm{.}43.)$

$2-$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$.,0\mathrm{.}1243$ should be entered as $12\mathrm{.}43.)$

$2-$g$.$ Return on equity. $($Round percentage answer to $2$ decimal places i$.$e$.,0\mathrm{.}1243$ should be entered as $12\mathrm{.}43.)$