The comparative financial statements prepared at December 31, year 2, for Goldfish Company showed the following Year 2 Year 1 Statement of Earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of Financial Position Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) $ 253,519' $215,000 194,800 164,000 58,710 51,000 44,120 39,300 14,590 11,700 3,740 2,800 $ 10,850 $ 8,900 $ 4,488 17,870 45,630 44,920 $112,900 $ 16,140 41,410 36,000 19,350 $ 112,900 $ 9,000 21,500 40,000 38.000 $108,500 $ 19,400 37,000 36,000 16,100 $108,500 Current liabilities (no interest) Non-current Habilities (10% interest) Common shares (6,080 shares) Retained earnings! "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 whole percent. Percentages may not add exactly due to rounding.) Component Percentages Year 2 % % 0 % 0 % % 0 % Statement of earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earings before income taxes Income tax expense Net earings Statement of financial position: Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities Common shares Retained earnings Total liabilities and shareholders' equity sel 0 % % se de Compute the following for year 2: 2-a. Percentage markup on sales. (Round percentage answer to 1 decir Average percentage % 2-b. Income tax rate. (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).) % Average income tax 2-c Net profit margin ratio. Was it a good or poor indicator of performance? (Round percentage answer to 2 decimal place 0.1243 should be entered as 12.43).) Net profit margin ratio % 2-0 Percentage of total resources invested in property, plant and equipment. (Round percentage answer to 2 decimal places 0.1243 should be entered as 12.43).) Percentage % 2.e Debt-to-equity ratio Interpret the result. (Round the final answer to 2 decimal places.) Delito-equity ratio 2.f. Return on assets. Assume that long term debt increased to $41.410 in month 1 of year 2 (Round intermediate calculations to 3 decimal places and percentage answer to 2 decimal places (i.e., 0,1243 should be entered as 12.43).) Return on assets % 2-9 Return on equity (Round percentage answer to 2 decimal places (ie., 0.1243 should be entered as 12.43).) Return on equity % 2.1. Financial leverage percentage Did borrowing from creditors benefit shareholders? (Round intermediate calculations and final answer to 2 decimal places.) Financial leverage percentage