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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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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