Use the data given in P14-6 for Prince Company.
Required:
1. Present component percentages for 2012 only.
2. Respond to the following for 2012:
a. What was the average percentage markup on sales?
b. What was the average income tax rate?
c. Compute the 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.
f. What was the return on equity?
g. What was the return on assets?
h. Compute the financial leverage percentage. Was it positive or negative? Explain.