[The following information applies to the questions displayed below.]

The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data:

	2015			2014
Income statement:
Sales revenue	$	191,100	*	$	167,200
Cost of goods sold		113,200			101,400
Gross profit		77,900			65,800
Operating expenses and interest expense		57,400			54,400
Pretax income		20,500			11,400
Income tax		6,400			3,200
Net income	$	14,100		$	8,200
Balance sheet:
Cash	$	4,400		$	6,000
Accounts receivable (net)		15,200			16,600
Inventory		41,800			33,900
Operational assets (net)		45,500			36,900
	$	106,900		$	93,400
Current liabilities (no interest)	$	15,000		$	16,000
Long-term liabilities (10% interest)		43,400			43,400
Common stock (par $5)		29,800			29,800
Retained earnings		18,700			4,200
	$	106,900		$	93,400

*One-third was credit sales.

Required:

1.	Present component percentages for 2015 only. (Enter your answer as a percentage rounded to 1 decimal place (i.e. 0.123 should be entered as 12.3).)

PRINCE COMPANY
Income Statement
At December 31, 2015
	Component Percentages 2015
Sales revenue (the base amount)	100.0	%
Cost of goods sold		%
Gross profit on sales	40.8	%
Operating expenses		%
Pretax income		%
Income taxes		%
Net income		%

PRINCE COMPANY
Balance Sheet
At December 31, 2015
	Component Percentages 2015
Cash		%
Accounts receivable (net)		%
Inventory		%
Operational assets (net)		%
Total assets (the base amount)	0.0	%
Current liabilities		%
Long-term liabilities (10% interest)		%
Common stock ($5 par)		%
Retained earnings		%
Total liabilities and owners' equity (the base amount)	0.0	%

2.	Respond to the following for 2015: (Round your answers to 1 decimal place.)

a.	What was the gross profit percentage?

b.	What was the income tax rate?

c.	Compute the profit margin?

d.	What percentage of total resources was invested in operational assets?

e.	Compute the debt-to-equity ratio?

f.	What was the return on equity?

g.	What was the return on assets?

h.	Compute the financial leverage percentage?