Use the data given in P13€“ 1 for Goldfish Company.
In exercise

Required:
1. Present component percentages for 2014 only.
2. Answer the following for 2014:
a. What was the average percentage markup on sales?
b. What was the average income tax rate?
c. Compute the net profit margin ratio. Was it a good or poor indicator of performance? Explain.
d. What percentage of total resources was invested in property, plant, and equipment?
e. Compute the debt- to- equity ratio. Does it look good or bad? Explain.
f. What was the ROA?
g. What was the ROE?
h. Compute the financial leverage percentage.
Did borrowing from creditors benefit shareholders? Explain.

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2014 2013 Statement of Earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings Statement of Financial Position Cash Trade receivables (net) Inventory Property, plant, and equipment (net) $195,000 120.000 75,000 60,000 15,000 4,000 $11,000 $165,000 100.000 65,000 53.000 12,000 3,000 $ 9,000 $ 8,000 18,000 35,000 38,000 99,000 16,00019,000 39,000 30.000 11.000 $99,000 $ 4,000 15,000 40,000 45,000 $104,000 Current liabilities (no interest) Non-current liabilities (10% interest) Common shares (6,000 shares) Retained earnings 45.000 30,000 13.000 104,000 One-third was credit sales During 2014, cash dividends amounting to $9,000 were declared and paid