P12-2 (Algo) Analyzing Comparative Financial Statements by Using Component Percentages and Selected Ratios LO12-5, 12-7, 1210 The comparative financial statements prepared at December 31, year 2, for Goldfish Company showed the following summarized dat One-third was credit sales. tDuring Year 2 , cash dividends amounting to $7,700 were declared and paid. One-third was credit sales. tDuring Year 2, cash dividends amounting to $7,700 were declared and paid. Required: 1. Present component percentages for Year 2 only. (linput all amounts as positive values. Round the finat answers to the nearest whole percent. Percentages may not add exactly due to rounding.) Compute the following for year 2 : 2-a. Gross profit margin ratio. (Round percentage answer to 1 decimal place i.e., 0.124 should be entered as 12.4.) 2-b. Income tax rate. (Round percentage answer to 1 decimal place i.e., 0.124 should be entered as 12.4.) 2-c. Net profit margin ratio. Was it a good or poor indicator of performance? (Round percentage answer to 2 decimal places L.e., 0.1243 should be entered as 12.43. ) -d. Percentage of total resources invested in property, plant, and equipment. (Round percentage answer to 2 decimal places i.e., 1243 should be entered as 12.43.) Debt-to-equity ratio. Interpret the result. (Round the final answer to 2 decimal places.) -f. Return on assets. (Round intermediate calculations to 3 decimal places and percentage answer to 2 decimal places i.e., 0.1243 hould be entered as 12.43 .) g. Return on equity. (Round percentage answer to 2 decimal places i.e., 0.1243 should be entered as 12.43. )