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The financial statements for Castile Products, Incorporated are given below: Account balances at the beginning of the year were: accounts receivable, $150,000; and inventory, $350,000.

image text in transcribed The financial statements for Castile Products, Incorporated are given below: Account balances at the beginning of the year were: accounts receivable, $150,000; and inventory, $350,000. All sales were on account. Assets at the beginning of the year totaled $1,090,000, and the stockholders' equity totaled $655,000. Requlred: Compute the following: (For Requlrements 1 to 4, enter your percentage answers rounded to 2 declmel places (l.e., 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

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