The financial statements for Castile Products, Inc., are given below. Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 24,000 240,000 360.000 7,000 Total current assets Property and equipment, net 631,000 830,000 Total assets $1,461,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% $ 250.000 400.000 650.000 Total liabilities Stockholders' equity Common stock, $10 par value Retained earnings $ 100,000 711.000 Total stockholders' equity 811,000 Total liabilities and stockholders' equity $1,461.000 Castile Products. Inc. Income Statement For the Year Ended December 31 Sales $2,130,000 Cost of goods sold 1,190,000 Gross margin Selling and administrative expenses 940,000 590,000 Net operating income Interest expense 350.000 44,000 Net income before taxes Income taxes (30%) 306.000 91,800 Net income $ 214.200 Required: Compute the following 1. Gross margin percentage (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) Gross margin percentage % 2. Net profit margin percentage. (Round your answer to the nearest whole percentage place (ie. 0.1234 should be entered as 12%).) Net profit margin percentage % 3. Return on total assets (Round your percentage answer to 1 decimal place (ie., 0.1234 should be entered as 12.3).) Return on total assets % 4. Return on equity. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Return on equity % 5. Was financial leverage positive or negative for the year? Positive O Negative