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[The following information applies to the questions displayed below] The comparative nancial statements for Prince Company are below: Year 2 Year1...

Question3.pngQuestion2.pngQuestion1.pngGiven.pngCan anyone please help with filling in the blanks in these questions? Many thanks!

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[The following information applies to the questions displayed below] The comparative financial statements for Prince Company are below: Year 2 Year1 Income statement: Sales revenue is 190,000 $ 167,000
Cost of goods sold 112,000 100,000
Gross profit 78,000 67,000
Operating expenses and interest expense 56,000 53,000
Pretax income 22,000 14,000
Income tax 8,000 4,000
Net income $ 14,000 $ 10,000
Balance sheet: Cash $ 4,000 $ 7,000
Accounts receivable (net) 14,000 18,000
Inventory 40,000 34,000
Property and equipment (net) 45,000 38,000
Total assets $ 103,000 $ 97,000
Current liabilities (no interest) $ 16,000 $ 17,000
Long—term liabilities (10% interest) 45,000 45,000
Common stock ($5 par value, 6,000 shares outstanding) 30,000 30,000
Retained earnings 12,000 5,000
Total liabilities and stockholders' equity $ 103.000 $ 97.000 I—

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Required:
1. Compute component percentages for Year 2. (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Sales revenue (the base amount) Cost of goods sold Gross profit on sales Operating expenses Pretax income % Income taxes Net income Cash n\° o\° Accounts receivable (net) n\° Inventory n\° Property and equipment (net) n\° Total assets (the base amount) Current liabilities o\° n\° Long-term liabilities (10% interest) =\° Common stock ($5 par value, 6,000 shares outstanding) b n\° Retained earnings E Total liabilities and owners' equity (the base amount)

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2. Compute the ratios in the DuPont model for Year 2. (Round your answers to 2 decimal places.) Return on equity
Return on assets
Total asset turnover Net profit margin Financial leverage

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The comparative financial statements for Prince Company are below: Year 2 Year 1
Income statement:
Sales revenue $ 190,000 $ 167,000
Cost of goods sold 112,000 100 000
Gross profit 78,000 67,000
Operating expenses and interest expense 56,000 53 000
Pretax income 22,000 14,000
income tax 8,000 4 000
Net income $ 14,000 $ 10,000
Balance sheet:
Cash $ 4.000 $ 7.000
Accounts receivable (net) 14,000 18,000
Inventory 40.000 34.000
Property and equipment (net) 45,000 38 000
Total assets m “A
Current liabilities (no interest) $ 16,000 $ 17,000
Long-tenn liabilities (10% interest) 45.000 45.000
Common stock ($5 par value, 6,000 shares outstanding) 30,000 30,000
Retained earnings 12,000 5,000
Total liabilities and stockholders' equity $ 103,000 $ 97 000 Assume that the stock price per share is $28 and that dividends in the amount of $3.50 per share were paid during Year 2. Compute the following ratios: (Round your answers to 2 decimal places. Enter percentage
answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Earnings per share Current ratio I Quick ratio I
Cash ratio I PIE ratio Dividend yield ratio %

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