The financial statements for Castile Products, Incorporated, are given below: Account balances at the beginning of the year were: accounts receivable, $; and inventory, $ All sales were on account.
Assets at the beginning of the year totaled $ and the stockholders' equity totaled $
Required:
Compute the following:
Gross margin percentage.
Note: Round your percentage answer to decimal places ie should be entered as
Net profit margin percentage.
Note: Round your answer to the nearest whole percentage place ie should be entered as
Return on total assets.
Note: Round your percentage answer to decimal place ie should be entered as
Return on equity.
Note: Round your percentage answer to decimal place ie should be entered as
Was financial leverage positive or negative for the year?
