Answer the below questions

P12-2 Analyzing Comparative Financial Statements by Using Percentages and Selected Ratios LO12-5, 126,129 The comparative financial statements prepared at December 31 , year 2 , for Goldfish Company showed the following summarized data: *One-third was credit sales. During Year 2, cash dividends amounting to $7,100 were declared and paid. 2-f. Return on assets. Assume that long-term debt increased to $40,480 in month 1 of year 2 . (Round intermediate calculations to 3 decimal places and percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).) 2-g. Return on equity. (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).) 2-h. Financial leverage percentage. Did borrowing from creditors benefit shareholders? (Round intermediate calculations and final answer to 2 decimal places.) Percentage of total resources invested in property, plant, and equipment. (Round percentage answer to 2 decimal places (i.e., U.1243 should be entered as 12.43).) X Answer is complete but not entirely correct. Debt-to-equity ratio. Interpret the result. (Round the final answer to 2 decimal places.)