The comparative financial statements prepared at December 31, 2017, for Goldfish Company showed the following summarized data:

	2017				2016
Statement of Earnings
Sales revenue	$	356,820	*		$	300,000
Cost of sales		294,100				246,000
Gross margin		62,720				54,000
Operating expenses and interest expense		42,850				38,200
Earnings before income taxes		19,870				15,800
Income tax expense		8,190				6,300
Net earnings	$	11,680			$	9,500
Statement of Financial Position
Cash	$	4,060			$	8,000
Accounts receivable (net)		14,290				17,000
Inventory		41,410				36,000
Property, plant, and equipment (net)		50,050				42,000
	$	109,810			$	103,000
Current liabilities (no interest)	$	14,320			$	16,700
Non-current liabilities (10% interest)		41,710				38,700
Common shares (6,000 shares)		30,000				30,000
Retained earnings		23,780				17,600
	$	109,810			$	103,000

*One-third was credit sales.

During 2017, cash dividends amounting to $5,500 were declared and paid.

Required:
1.	Present component percentages for 2017 only. (Input all amounts as positive values. Round the final answers to the nearest whole percent. Percentages may not add exactly due to rounding.)

Answer the following for 2017:

2-a.	What was the average percentage markup on sales? (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).)

2-b.	What was the average income tax rate? (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).)

2-c.	Compute the net profit margin ratio. Was it a good or poor indicator of performance? (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).)

2-d.	What percentage of total resources was invested in property, plant, and equipment? (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).)

2-e.	Compute the debt-to-equity ratio. Does it look good or bad? (Round the final answer to 2 decimal places.)

2-f.	What was the return on assets? (Round intermediate calculations to 3 decimal places and percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).)

2-g.	What was the return on equity? (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).)

2-h.	Compute the financial leverage percentage. Did borrowing from creditors benefit shareholders? (Round intermediate calculations and final answer to 2 decimal places.)