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Required information [The following information applies to the questions displayed below.] The comparative financial statements for Prince Company are below: Required: 1. Compute component percentages
Required information [The following information applies to the questions displayed below.] The comparative financial statements for Prince Company are below: 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).) \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ PRINCE COMPANY } \\ \hline \multicolumn{1}{|c|}{ Balance Sheet } \\ \hline Cash & Component Percentages Year 2 \\ \hline Accounts receivable (net) & % \\ \hline Inventory & % \\ \hline Operational assets (net) & % \\ \hline Total assets & % \\ \hline Current liabilities & % \\ \hline Long-term liabilities (10\% interest) & % \\ \hline Common stock (\$5 par value, 7,200 shares outstanding) & % \\ \hline Retained earnings & % \\ \hline Total liabilities and stockholders' equity & % \\ \hline \end{tabular} 2. Compute the two components of ROA (total asset turnover and net profit margin) for Year 2 . (Round your answers to 2 decimal places.)
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