need help with this multi-step problem

The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 $ 6,500 35,000 70,000 3,500 115,000 185,000 $300,000 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 10% Total liabilities Stockholders' equity: Common stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 50,000 80,000 130,000 30,000 140,000 170,000 $300,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and Ariministrative arnonco $420,000 292,500 127,500 R9.500 10 Do Icoon Statement Yo the Younded Sales Coto de sold GOGLE Sling dative exposes et prati con Interest expen on before a Encome tax (304) $420,000 292500 127,50 01.5 18,000 8.000 9,000 521,00 Account balances at the beginning of the year were accounts receivable, $25.000 and inventory. 360.000. All sales were on count Assets at the beginning of the year totaled $280,000, and the stockholders' equity totaled $161,600 Required: Compute the following: 1. Gross margin percentage (Round your percentage answer to 2 decimal places 01234 should be entered as 12.341) 2. Net profit margin percentage. (Round your answer to the nearest whole percentage place, 0.1234 should be entered as 123) 3. Return on total assets. (Round your percentage answer to 1 decimal place le. 0.1234 should be entered as 12.33) 4. Return on equity Round your percentage answer to 1 decimal place le. 0.1234 should be entered as 12.33) 5. Was financial leverage positive or negative for the year? 1036 1 in porcentage 2. Net profit margin percentage Remontlasses The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 $ 6,500 35,000 70,000 3,500 115,000 185,000 $300,000 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 10% Total liabilities Stockholders' equity: Common stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 50,000 80,000 130,000 30,000 140,000 170,000 $300,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and Ariministrative arnonco $420,000 292,500 127,500 R9.500 10 Do Icoon Statement Yo the Younded Sales Coto de sold GOGLE Sling dative exposes et prati con Interest expen on before a Encome tax (304) $420,000 292500 127,50 01.5 18,000 8.000 9,000 521,00 Account balances at the beginning of the year were accounts receivable, $25.000 and inventory. 360.000. All sales were on count Assets at the beginning of the year totaled $280,000, and the stockholders' equity totaled $161,600 Required: Compute the following: 1. Gross margin percentage (Round your percentage answer to 2 decimal places 01234 should be entered as 12.341) 2. Net profit margin percentage. (Round your answer to the nearest whole percentage place, 0.1234 should be entered as 123) 3. Return on total assets. (Round your percentage answer to 1 decimal place le. 0.1234 should be entered as 12.33) 4. Return on equity Round your percentage answer to 1 decimal place le. 0.1234 should be entered as 12.33) 5. Was financial leverage positive or negative for the year? 1036 1 in porcentage 2. Net profit margin percentage Remontlasses