Question: For 2015, Rounded to two decimal points, compute the gross profit percentage, income tax rate, profit margin, % of total resources invested in operational assets,

For 2015, Rounded to two decimal points, compute the gross profit percentage, income tax rate, profit margin, % of total resources invested in operational assets, debt to equity ratio, return on equity, return on assets, & financial leverage percentage. For 2015, Rounded to two decimal points, compute the gross profit percentage,

Income statement: Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet: Cash Accounts receivable (net) Inventory Operational assets (net) Current liabilities (no interest) Long-term liabilities (10% interest Common stock (par $5 Retained earnings One-third was credit sales. 2015 2014 $190,000 167,000 112,000 100,000 78,000 67,000 53,000 56,000 22,000 14.000 8.000 4.000 14,000 10,000 4,000 7000 14.000 18,000 40,000 34.000 38,000 45,000 $103,000 97,000 16,000 17,000 45,000 45,000 30,000 30,000 12.000 5.000 $103,000 97,000

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