The financial statements for Castile Products, Incorporated, are given below:

Account balances at the beginning of the year were: accounts receivable, $$180,000$; and inventory, $$340,000.$ All sales were on

account. Assets at the beginning of the year totaled $$1,050,000,$ and the stockholders' equity totaled $$625,000.$

Required:

Compute the following:

Note: For Requirements $1$ to $4,$ enter your percentage answers rounded to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as

$12\mathrm{.}34).$

Gross margin percentage.

Net profit margin percentage.

Return on total assets.

Return on equity.

Was financial leverage positive or negative for the year?