The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data: 2015 2014 Income statement: Sales revenue Cost of goods sold $191,000* 112,100 $168,200 100,400 Gross profit Operating expenses and interest expense 78,900 56,200 67,800 53,200 Pretax income Income tax 22,700 7,500 14,600 3,750 Net income $ 15,200 $ 10,850 Balance sheet: Cash Accounts receivable (net) Inventory Operational assets (net) $ 4,800 14,400 41,800 46,500 $ 6,500 17,300 32,900 37,600 $107,500 $ 94,300 Current liabilities (no interest) Long-term liabilities (9% interest) Common stock (par $5) Retained earnings $ 14,400 44.200 30,000 18,900 $ 15,400 44,200 30,000 4,700 $107,500 $ 94,300 * One-third was credit sales. Required: 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 11.7 % 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) % % % 0.0 % % 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) % % % 0.0 %