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  1. business
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  3. account balances at the beginning of the year were

Account balances at the beginning of the year were: accounts recelvable, $170,000; and inventory, $350,000....

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Accounting

Account balances at the beginning of the year were: accounts recelvable, $170,000; and inventory, $350,000. All sales were on
account. Assets at the beginning of the year totaled $1,030,000, and the stockholders' equity totaled $725,000.
Requlred:
Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to 2 decimal places (l.e.,0.1234 should
be entered as 12.34).)
Gross margin percentage.
Net profit margin percentage.
Return on total assets.
Return on equity.
Was financlal leverage positive or negative for the year?
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