The comparative financial statements prepared at December 31, year 2, for Goldfish Company showed the following summarized data: 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) $312,590* $265,000 259,620 219,000 52,970 46,000 36,750 33,009 16,220 13,000 4,750 3,600 $ 11,470 $ 9,400 Current liabilities (no interest) Non-current liabilities (10% interest) Common shares (6,000 shares) Retained earningst $ 4,580 19,950 51,340 39,010 $ 114,880 $ 14,350 41,160 36,000 23,379 $ 114,880 $ 9,200 24,000 45,000 33,000 $111,200 $ 17,400 39,700 36,000 18,100 $111,200 *One-third was credit sales. During Year 2, cash dividends amounting to $6,200 were declared and paid 2.b Income tax rate (Round percentage answer to 1 decimal place (le, 0124 should be entered as 12.4).) Answer is not complete. Average income tax % 2-c Net profit margin ratio. Was it a good or poor indicator of performance? (Round percentage answer to 2 decimal places , 0.1243 should be entered as 12.43).) Answer is complete but not entirely correct. Net profit margin ratio 3.00 X % Poor 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-equity ratio 2-f. Return on assets. Assume that long-term debt increased to $41,160 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-g. Return on equity. (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).) Return on equity %