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 Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 21,000 260,000 350,000 10,000 641,000 890,000 $1,531,000 $ 290,000 330,000 620,000 $ 180,000 731,000 911,000 $1,531,000 they come soucts, Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,170,000 Cost of goods sold 1,240,000 Gross margin 930.000 Selling and administrative expenses 660.000 Net operating income 270,000 Interest expense 36,300 Net income before taxes 233,700 Income taxes (309) 70, 110 Net income $ 163,590 Account balances at the beginning of the year were: accounts receivable, $200,000, and inventory, $320,000. All sales were on account. Assets at the beginning of the year totaled $1,010,000, and the stockholders' equity totaled $665,000. Required: Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to 2 decimal places (le, 0.1234 should Requirea! Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to 2 decimal places (ie., 0.1234 should be entered as 12.34).) 1. Gross margin percentage. 2. Net profit margin percentage. 3. Return on total assets. 4. Return on equity. 5. Was financial leverage positive or negative for the year? 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity 5. Financial Leverage