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The financial statements for Castile Products, Incorporated, are given below: Account balances at the beginning...

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Accounting

The financial statements for Castile Products, Incorporated, are given below: Account balances at the beginning of the year were: accounts receivable, $25,000; and inventory, $60,000. All sales were on account.
Assets at the beginning of the year totaled $280,000, and the stockholders' equity totaled $161,600.
Required:
Compute the following:
Gross margin percentage.
Note: Round your percentage answer to 2 decimal places (i.e.,0.1234 should be entered as 12.34).
Net profit margin percentage.
Note: Round your answer to the nearest whole percentage place (i.e.,0.1234 should be entered as 12%).
Return on total assets.
Note: Round your percentage answer to 1 decimal place (i.e.,0.1234 should be entered as 12.3).
Return on equity.
Note: Round your percentage answer to 1 decimal place (i.e.,0.1234 should be entered as 12.3).
Was financial leverage positive or negative for the year?
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