The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data:

	2015			2014
Income statement:
Sales revenue	$	190,700	*	$	167,200
Cost of goods sold		112,900			100,700
Gross profit		77,800			66,500
Operating expenses and interest expense		57,700			54,700
Pretax income		20,100			11,800
Income tax		7,600			3,800
Net income	$	12,500		$	8,000
Balance sheet:
Cash	$	4,300		$	5,000
Accounts receivable (net)		15,800			17,400
Inventory		42,000			32,300
Operational assets (net)		45,500			36,300
	$	107,600		$	91,000
Current liabilities (no interest)	$	15,900		$	16,900
Long-term liabilities (10% interest)		43,900			43,900
Common stock (par $5)		28,100			28,100
Retained earnings		19,700			2,100
	$	107,600		$	91,000

1.

Present component percentages for 2015 only. (Enter your answer as a percentage rounded to 1 decimal place (i.e. 0.123 should be entered as 12.3).)

PRINCE COMPANY
Income Statement
At December 31, 2015
	Component Percentages 2015
Sales revenue (the base amount)		%
Cost of goods sold		%
Gross profit on sales		%
Operating expenses		%
Pretax income		%
Income taxes		%
Net income		%

PRINCE COMPANY
Balance Sheet
At December 31, 2015
	Component Percentages 2015
Cash		%
Accounts receivable (net)		%
Inventory		%
Operational assets (net)		%
Total assets (the base amount)		%
Current liabilities		%
Long-term liabilities (10% interest)		%
Common stock ($5 par)		%
Retained earnings		%
Total liabilities and owners' equity (the base amount)		%

2.	Respond to the following for 2015: (Round your answers to 1 decimal place.)

a.	What was the gross profit percentage?

b.	What was the income tax rate?

c.	Compute the profit margin?

d.	What percentage of total resources was invested in operational assets?

e.	Compute the debt-to-equity ratio?

f.	What was the return on equity?

g.	What was the return on assets?

h.	Compute the financial leverage percentage?