Analyzing Comparative Financial Statements Using Percentages and Selected Ratios (AP13-6) Use the data given in P13-6 for Prince Company. Required: 1. Present component percentages for 2015 only. 2. Respond to the following for 2015 : a. What was the average gross profit? b. What was the average income tax rate? c. Compute the profit margin. Was it a good or poor indicator of performance? Explain. d. What percentage of total resources was invested in operational assets? e. Compute the debt-to-equity ratio. Does it look good or bad? Explain. f. What was the return on equity? g. What was the return on assets? h. Compute the financial leverage percentage. Was it positive or negative? Explain