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Exerclse 16-9 (Algo) FInanclal Ratlos for Assessing Profltabillty and Managing Debt [LO16-4, LO16-5] The financial statements for Castile Products, Incorporated, are given below: Account balances at the beginning of the year were: accounts receivable, $200,000; and inventory, $310,000. All sales were on account. Assets at the beginning of the year totaled $1,050,000, and the stockholders' equity totaled $645,000. Requlred: Compute the following: (For Requlrements 1 to 4 , enter your percentege onswers rounded to 2 declmal pleces (l.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage. 2 Net profit margin percentage. 3. Return on total assets. 4. Return on equity. 5. Was financial leverage positive or negative for the year? Exerclse 16-9 (Algo) FInanclal Ratlos for Assessing Profltabillty and Managing Debt [LO16-4, LO16-5] The financial statements for Castile Products, Incorporated, are given below: Account balances at the beginning of the year were: accounts receivable, $200,000; and inventory, $310,000. All sales were on account. Assets at the beginning of the year totaled $1,050,000, and the stockholders' equity totaled $645,000. Requlred: Compute the following: (For Requlrements 1 to 4 , enter your percentege onswers rounded to 2 declmal pleces (l.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage. 2 Net profit margin percentage. 3. Return on total assets. 4. Return on equity. 5. Was financial leverage positive or negative for the year

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