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

Account balances at the beginning of the year were: accounts receivable, $$220,000$; and inventory, $$320,000.$ All sales were on

account. Assets at the beginning of the year totaled $$1,040,000,$ and the stockholders' equity totaled $$675,000.$

Required:

Compute the following: $($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?

Account balances at the beginning of the year were: accounts receivable, $$220,000$; and inventory, $$320,000.$ All sales were on

account. Assets at the beginning of the year totaled $$1,040,000,$ and the stockholders' equity totaled $$675,000.$

Required:

Compute the following: $($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?