[The following information applies to the questions displayed below.] The comparative financial statements for Prince Company are below: Year 2 Year 1 Income statement: Sales revenue $190,000 112,000 78,000 56,000 22,000 8,000 $167,000 100,000 67,000 53,000 14,000 4,000 $10,000 Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax $14,000 Net income Balance sheet: Cash Accounts receivable (net) Inventory 4,000 14,000 40,000 45,000 $ $7,000 18,000 34,000 38,000 $97,000 $ 17,000 45,000 30,000 5,000 97,000 Property and equipment (net) Total assets $103,000 $16,000 45,000 30,000 12,000 $103,000 Current liabilities (no interest) Long-term liabilities (10% interest) Common stock ($5 par value, 6,000 shares outstanding) Retained earnings Total liabilities and stockholde rs equity Required: 1. Compute component percentages for Year 2. (Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) PRINCE COMPANY Income Statement Component Percentages Year 2 % % Sales revenue Cost of goods sold Gross profit on sales % Operating expenses Pretax income Income taxes % % Net income PRINCE COMPANY Balance Sheet Component Percentages Year 2 % Cash Accounts receivable (net) Inventory Operational assets (net) % 0.00% Total assets Current liabilities % % Long-term liabilities (10% interest) Common stock ($5 par value, 6,000 shares outstanding) Retained earnings Total liabilities and stockholders' equity % % 0.00 % 2. Compute the two components of ROA (total asset turnover and net profit margin) for Year 2. (Round your answers to 2 decimal places.) Total asset turnover Net profit margin