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You decide next to assess the company s profitability. Compute the following for both this year and last year: a . The gross margin percentage.

You decide next to assess the companys profitability. Compute the following for both this year and last year:
a. The gross margin percentage.
Note: Round your percentage answers to 1 decimal place.
b. The net profit margin percentage.
Note: Round your percentage answers to 1 decimal place.
c. The return on total assets. (Total assets at the beginning of last year were $3,194,000.)
Note: Round your percentage answers to 1 decimal place.
d. The return on equity. (Stockholders equity at the beginning of last year was $1,904,000.)
Note: Round your percentage answers to 1 decimal place.
e. Is the companys financial leverage positive or negative?

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