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. Required: 1. Present component percentages for Year 2 only. (Input all amounts as positive values. Round the final answers to the nearest whole percent. Percentages may not add exactly due to rounding.) Compute the following for year 2 : Percentage markup on sales. (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).) Income tax rate. (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).) Net profit margin ratio. Was it a good or poor indicator of performance? (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43). ) Percentage of total resources invested in property, plant, and equipment. (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).) Debt-to-equity ratio. Interpret the result. (Round the final answer to 2 decimal places.) Return on assets. Assume that long-term debt increased to $40,480 in month 1 of year 2 . (Round intermediate calculations to 3 uecimal places and percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43 ).) Return on equity. (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43 ).) Financial leverage percentage. Did borrowing from creditors benefit shareholders? (Round intermediate calculations and final answer to 2 decimal places.)