1. Net property and equipment totalled 96,000 at the end of 2015. Compute the fixed asset turnover for 2017 and 2016. Round your answer to 2 decimal place.

2017...

2016...

b.) Is this trend going the right direction?

Yes or No

2. Compute the debt-to-assets ratio for 2017 and 2016. Round answer to 2 decimal places.

2017...

2016...

b. Is the debt providing financing for a larger or smaller proportion of the companys asset growth?

3. Compute the times interest earned ratios for 2017 and 2016. Round to 2 decimal place.

2017.....

2016....

b.) Does the outcome of ratio in 2017 appears to be good or bad for the company?

4. After Pinnacle Plus released its 2017 financial statements, the company's shares were trading at $23.79. After the release of its 2016 financial statements, the companys share price was $19.13 per share. Compute the P/E ratios for both years. Round to 2 decimal place.

b.) Does the outcome of ratio appears to be good or bad for the company?

2017 2016 Income Statement Sales Revenue Cost of Goods Sold 5127,000 $116,000 58,800 54,800 Gross Profit Operating Expenses Interest Expense 68,280 41,100 3,300 61,200 38,100 3,300 Income before Income Tax Expense Income Tax Expense (30) 23,800 7,140 19,300 5,940 Net Income $ 16,650 $ 13,8641 Balance Sheet Cash Accounts Receivable, Net Inventory Property and equipment, Net Total Assets $ 45,507 5 15,630 30,000 40,500 33,500 31,000 81.000 91.000 5193,07 $175,130 Accounts Payable Income Tax Payable Note Payable, Long-Term 530,017 $ 26,400 930 4.30 33,00 33,000 Total Liabilities Contributed Capital (9,150 shares) Retained Earningst 63.947 91,500 37,560 59,830 91,500 26,500 Total Liabilities and Shareholders' Equity $193,607 5178,138