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The financial statements for Castile Products, Incorporated, are given below: Account balances at the beginning of the year were: accounts recelvable, $210,000, and inventory, $310,000.

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The financial statements for Castile Products, Incorporated, are given below: Account balances at the beginning of the year were: accounts recelvable, $210,000, and inventory, $310,000. All sales were on account. Assets at the beginning of the year totaled $1,040,000, and the stockholders' equity totaled $695,000 Required: Account balances at the beginning of the year were; accounts recelvable, $210,000, and inventory, $310,000. All sales were on account. Assets at the beginning of the year totaled $1,040,000, and the stockholders' equity totaled $695,000 Required: Compute the following: (For Requirements 1 to 4 , enter your percentage onswers rounded to 2 decimal places (l.e., 0.1234 should be entered os 12.34). 1 Gross margin percentage 2. Net pront 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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