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The financial statements for Castile Products, Incorporated, are given below: Liabiluties and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 9% Total liabilities Stockholders' equity: Common

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The financial statements for Castile Products, Incorporated, are given below: Liabiluties and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 9% Total liabilities Stockholders' equity: Common stock, \$5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $220,000320,000540,000 S 120,000 698,000818,00051,358,000 Castile Products, Incorporated Incone statement For the Year Ended December 31 Sales Cost of goods sold Grossinargin Selling and adninastrative expenses Net operating incone Interest expense Net income before taxes Income taxes (30x) Net incone 5,140,0001,190,000950,000650,000300,00028,800271,20081,360$189,840 Account balances at the beginning of the year were; accounts receivable, $200,000; and inventory, $270,000. All sales were on account. Assets at the beginning of the year totaled $1,050,000, and the stockholders' equity totaled $725,000. Required: Compute the following: (For Requirements 1 to 4 , enter your percentage answers rounded to 2 decimal 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 of negative for the year

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