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The comparative financial statements prepared at December 31, year 2. for Goldfish Company showed the following summ Year 2 Year 1 Statement of Earnings Sales

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The comparative financial statements prepared at December 31, year 2. for Goldfish Company showed the following summ 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) $336, 240' $285,000 285,560 241,800 50,60 44,000 33, 460 30, 200 17220 13,800 5,510 4,200 $ 11, 710 $ 9,500 $ 4,380 18,280 52, 450 34,270 $109, 390 5227550 39,630 30,000 27,010 $169,90 $ 8,800 22. De 45,000 29.900 $105,800 3515200 38, 800 39,800 21,800 $185,800 Current liabilities (no interest) Non-current liabilities (10% interest) Common shares (6,000 shares) Retained earningst "One-third was credit sales touring Year 2 cash dividends amounting to $6,500 were declared and pold Required: 1. Present component percentages for Year 2 only. (Input all amounts as positive values. Round the final answers to the nea whole percent. Percentages may not add exactly due to rounding.) Component Percentages Year 2 BE 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 (e) Inventory Property, plant, and equipment Total assets Current Babies Long-term labies Connonses Retained emings Totallis and shareholders equity 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).) Average percentage 96 2-6. Income tax rate (Round percentage answer to 1 decimal place fi.e., 0.124 should be entered as 12.4).) Average income tax 2-c. Net profit margin ratlo. Was it a good or poor indicator of performance? (Round percentage answer to 2 decimal places (ie., 01243 should be entered as 12.43).) Net profit margin ratio 2.d. Percentage of total resources invested in property, plant, and equipment. (Round percentage answer to 2 decimal places i.e., 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.) Debt-to-euryati 2.1. Return on assets. Assume that long-term debt increased to $39,830 in month 1 of year 2. (Round intermediate calculations to 3 decimal places and percentage answer to 2 decimal places (ie., 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 equly 2 h. Financial beverage percentage. Dld borrowing from creditors benefit shareholders? (Round Intermediate calculations and final answer to 2 decimal places.) Financial leverage percent

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