Use the data given in PI 4-1 for Goldfish Company. Required: 1. Present component percentages for 2004
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Use the data given in PI 4-1 for Goldfish Company.
Required: 1. Present component percentages for 2004 only. 2. Respond to the following for 2004:
a. What was the average percentage markup on sales?
b. What was the average income tax rate?
c. Compute the gross profit margin. Was it a good or poor indicator of performance? Explain.
d. What percentage of total resources was invested in operational assets?
e. Compute the debt-to-equity ratio. Does it look good or bad? Explain.
/ What was the return on equity?
g. What was the return on assets?
//. Compute the financial leverage percentage. Was it positive or negative? Explain.
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