The comparative financial statements for Prince Company are below: ...

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Accounting

The comparative financial statements for Prince Company are below:

Year 2 Year 1
Income statement:
Sales revenue $ 224,000 $ 175,500
Cost of goods sold 120,500 103,400
Gross profit 103,500 72,100
Operating expenses and interest expense 59,400 54,700
Pretax income 44,100 17,400
Income tax 11,400 5,700
Net income $ 32,700 $ 11,700
Balance sheet:
Cash $ 7,400 $ 8,700
Accounts receivable (net) 15,700 19,700
Inventory 43,400 39,200
Property and equipment (net) 50,100 41,400
Total assets $ 116,600 $ 109,000
Current liabilities (no interest) $ 17,700 $ 18,700
Long-term liabilities (12% interest) 46,700 46,700
Common stock ($5 par value, 7,700 shares outstanding) 38,500 38,500
Retained earnings 13,700 5,100
Total liabilities and stockholders' equity $ 116,600 $ 109,000

Required:

1. Compute component percentages for Year 2. (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

Required : Sales Revenue(base amount), Cost of goods sold, Gross profit on sales, Operating expenses, Pretax income, Incomes taxes, New income, cash, Accounts receivable (net) , inventory, Property and equipment (net) Current liabilities, Long-term liabilities (12%interest), Retained earnings, Common stock($5 par value, 7,700 shares outstanding), Total liabilities and owners equity(the base amount)

2. Compute the ratios in the DuPont model for Year 2. (Round your answers to 2 decimal places.)

Return on equity, Return on assets, Total asset turnover, Net profit margin, Financial leverage.

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