The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data: 2015 2014 Income statement: Sales revenue $ 191,800 * $ 167,500 Cost of goods sold 112,200 101,100 Gross profit 79,600 66,400 Operating expenses and interest expense 56,000 53,000 Pretax income 23,600 13,400 Income tax 7,900 3,950 Net income $ 15,700 $ 9,450 Balance sheet: Cash $ 4,600 $ 6,600 Accounts receivable (net) 15,600 16,100 Inventory 41,100 33,900 Operational assets (net) 46,600 37,700 $ 107,900 $ 94,300 Current liabilities (no interest) $ 14,400 $ 15,400 Long-term liabilities (8% interest) 44,700 44,700 Common stock (par $5) 28,900 28,900 Retained earnings 19,900 5,300 $ 107,900 $ 94,300 The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data: 2015 2014 Income statement: Sales revenue $ 191,800 * $ 167,500 Cost of goods sold 112,200 101,100 Gross profit 79,600 66,400 Operating expenses and interest expense 56,000 53,000 Pretax income 23,600 13,400 Income tax 7,900 3,950 Net income $ 15,700 $ 9,450 Balance sheet: Cash $ 4,600 $ 6,600 Accounts receivable (net) 15,600 16,100 Inventory 41,100 33,900 Operational assets (net) 46,600 37,700 $ 107,900 $ 94,300 Current liabilities (no interest) $ 14,400 $ 15,400 Long-term liabilities (8% interest) 44,700 44,700 Common stock (par $5) 28,900 28,900 Retained earnings 19,900 5,300 $ 107,900 $ 94,300 *One-third was credit sales. b. What was the income tax rate? What percentage of total resources was invested in operational assets? e. Compute the debt-to-equity ratio? g. What was the return on assets? h. Compute the financial leverage percentage?