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

	2015			2014
Income statement:
Sales revenue	$	190,000	*	$	167,000
Cost of goods sold		112,000			100,000
Gross profit		78,000			67,000
Operating expenses and interest expense		56,000			53,000
Pretax income		22,000			14,000
Income tax		8,000			4,000
Net income	$	14,000		$	10,000
Balance sheet:
Cash	$	4,000		$	7,000
Accounts receivable (net)		14,000			18,000
Inventory		40,000			34,000
Operational assets (net)		45,000			38,000
	$	103,000		$	97,000
Current liabilities (no interest)	$	16,000		$	17,000
Long-term liabilities (10% interest)		45,000			45,000
Common stock (par $5)		30,000			30,000
Retained earnings		12,000			5,000
	$	103,000		$	97,000

*One-third was credit sales.

Required:

1.	Present component percentages for 2015 only.

2.

Respond to the following for 2015:

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?