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P12-2 Analyzing Comparative Financial Statements by Using Percentages and Selected Ratlos LO12-5, 126,129 The comparative financial statements prepared at December 31. year 2. for Goidtish Company showed the following summarczed data: "One-third was credit sales. TDuring Year 2 cosh dividends amounting to $8,200 were declared and paid. Required: 1. Present component percentages for Year 2 only. finput all a mounts as positive values. Aound the final antwers to the nearest Whole percent. Percentiges moy not odd exsectly due to rounding. Compute the following for year 2 2-a. Percentage markup on sales. (Round percentege onswer to 1 decimol plece (l.e., 0.124 should be entered os 124 ).) 2-b. Income tax rate, (Round percentage answer to 1 decimal place (l.e., 0.124 should be entered os 12.4).) 2-c. Net proft margin ratio. Was it a good or poor indicator of performance? (Round percentage answer to 2 decimot places (l.e." 0.1243 should be entered os 12.43).) 2-d. Percentage of total resources invested in property, plant. and equipment. (Round percentoge answer to 2 decimal places (l.e., 0.1243 should be entered as 12.43 ).) 2-e. Debt-to-equity ratio, Interpret the result. (Round the final answer to 2 decimal places.) 2.f. Return on assets. Assume that langterm debt increased to 546.150 in month 1 of year 2 (Round intermedlate caleulations to 3 decimal places ond percentoge answer to 2 decimal places (l.e., 0.1243 should be entered as 12.43 ).) 2-9. Return on ecuity, (Round percentege onswer to 2 decimal ploces (1.e. 0.1243 should be entered as 12.43).) 2. Financial leversge percentspe Did bocrowing from cieditors benefi shareholders? (Round intermediate calculations and final answer to 2 decimel places.)

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