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The comparative financial statements prepared at December 31. year 2 for Goldfish Company showed the following summarized data 24 Statement of Earnings Sales revenue Cost

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The comparative financial statements prepared at December 31. year 2 for Goldfish Company showed the following summarized data 24 Statement of Earnings Sales revenue Cost of sales Girossardi Operating expenses and interest expense Earn before con tuxus Income tax expense Net warnings Statement of Financial Position Cash Accounts receivable (t Inventory Property, plant, and equipment (net) Year 2 Year 1 $135,000 $165,00 120.000 100. Ben 75.000 65,00 1.000 53.000 15.000 12.000 4,000 2.000 $11,000 59.000 Current liabilities (no interest) Non current abilities (10% interest) Comon shares (6.800 shares) Retained warnings $4,000 15.00 40.00 5.000 $104.000 $ 10,000 45,000 30,000 1,000 $180,000 $1,000 111,000 35.ee 33.000 5.99.000 5.19.000 39.000 30.000 11.000 $ 99,000 "One third was credit sales During year 2, cash dividends amounting to $9.000 were declared and pald Required: 1. Present component percentages for year 2 only. (input all amounts as positive values. Round the final answers to the nearest whole percent. Percentages may not add exactly due to rounding.) Component Percentages Year 2 Sutomat 2.0 Percentage of total tesources invested in property, plant, and equipment. (Round percentage answer to 2 decimal places (ie. 0.1243 should be entered as 12.43).) Porcentage 33 2e Debt to-equity rato Interpret the result. (Round the final answer to 2 decimal places.) ||||||||||||||| 2.1 Return on assets. Assume that long-term debit increased to $45.000 in month 1 of year 2 (Round intermediate calculations to 3 decimal places and percentage answer to 2 decimal places (1.0, 0.1243 should be entered as 1243):) Routron Compute the following for year 2 2-a Percentage markup on sales. (Round percentage answer to 1 decimal place (ie, 0.124 should be entered as 12.4%) de percentage 2.b. Income tax rate. (Round percentage answer to 1 decimal place (l.e., 0.124 should be entered as 12.4).) Mirago micometa 2-c 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). Nepal agar One-third was credit sales +During year 2, cash dividends amounting to $9.000 were declared and paid Required: 1. Present component percentages for year 2 only. (Input all amounts os positive values. Round the final answers to the nearest whole percent. Percentages may not add exactly due to rounding.) Component Percentages Year 2 0. 00 * os Statement of earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Nel camings Statement of financial position Cash Accounts receivable net Inventory Property, plant and equipment (net Total assets Current intilities Long-term abilities Common shares Rotated emings Tot liabilities and shareholders equity 01 % "S 2-9. Return on eqully. (Round percentage answer to 2 decimal places (i.c., 0.1243 should be entered as 12.43).) Rotum nequity 2 h, Financial leverage percentage Did borrowing from creditors benefit shareholders? (Round intermediate calculations to 2 decimal places and percentage onswer to 1 decimal place (ie, 0.124 should be entered as 12.4).) Financial piceritage

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