Question
1a. Gross profit percentage for current year and previous year? 1b. Net profit margin for current year and previous year? 1c. Earnings per share for
1a. Gross profit percentage for current year and previous year?
1b. Net profit margin for current year and previous year?
1c. Earnings per share for current year and previous year?
1d. Return on equity for current year and previous year?
1e. Fixed asset turnover for current year and previous year?
1f. Debt-to-assets for current year and previous year?
1g. Times investment earned for current year and previous year?
1h. After Pinnacle Plus released its current years financial statements, the companys stock was trading at $35. After the release of its previous years financial statements, the companys stock price was $32 per share. Compute the P/E ratios for both years.
Pinnacle Plus declared and paid a cash dividend of $8,300 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year $195,000 86,000 109,000 53,000 5,700 50, 300 15,090 $ 35,210 $167,000 82,000 85,000 46,600 5,700 32,700 9,810 $ 22,890 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity $ 91,685 34,000 42,000 112,000 $279,685 $ 59,000 1,425 57,000 117,425 100,200 62,060 $279,685 $ 21,000 29,000 55,000 122,000 $227,000 $33,300 1,350 57,000 91,650 100,200 35,150 $227,000Step by Step Solution
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