2 Sedona Corporation declared and paid a cash dividend of $6,800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: 10 points Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense eBook Income before Income Tax Expense Income Tax Expense (30%) Net Income Print Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net References Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity Required: Current Year Previous Year $ 120,000 $ 107,000 56,000 52,000 64,000 55,000 38,000 34,600 4,200 4,200 21,800 16, 200 4,860 6,540 $ 15,260 $ 72,110 19,000 27,000 97,000 $ 215,110 $ 44,000 $ 11,340 $ 36,000 14,000 40,000 107,000 $ 197,000 $ 34,800 600 1,050 42,000 42,000 87,050 77,400 91,200 91,200 36,860 28,400 $ 215,110 $ 197,000 1. Compute the gross profit percentage in the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After Sedona Corporation released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Sedona's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 1-a. Compute the gross profit percentage in the current and previous years. (Round percentage values to 1 decimal place.) 1-b. Are the current-year results better, or worse, than those for the previous year? 1-a. Current Year 1-a. Previous Year % % 1-b. Current year gross profit percentage? < Required 1 Required 2 > 2 Sedona Corporation declared and paid a cash dividend of $6,800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: 10 points Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense eBook Income before Income Tax Expense Income Tax Expense (30%) Net Income Print Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net References Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity Required: Current Year Previous Year $ 120,000 $ 107,000 56,000 52,000 64,000 55,000 38,000 34,600 4,200 4,200 21,800 16, 200 4,860 6,540 $ 15,260 $ 72,110 19,000 27,000 97,000 $ 215,110 $ 44,000 $ 11,340 $ 36,000 14,000 40,000 107,000 $ 197,000 $ 34,800 600 1,050 42,000 42,000 87,050 77,400 91,200 91,200 36,860 28,400 $ 215,110 $ 197,000 1. Compute the gross profit percentage in the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After Sedona Corporation released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Sedona's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 2-a. Compute the net profit margin for the current and previous years. (Round percentage values to 1 decimal place.) 2-b. Are the current-year results better, or worse, than those for the previous year? 2-a. Current Year 2-a. Previous Year % % 2-b. Current year net profit margin? < Required 1 Required 3 > 2 Sedona Corporation declared and paid a cash dividend of $6,800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: 10 points Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense eBook Income before Income Tax Expense Income Tax Expense (30%) Net Income Print Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net References Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity Required: Current Year Previous Year $ 120,000 $ 107,000 56,000 52,000 64,000 55,000 38,000 34,600 4,200 4,200 21,800 16, 200 4,860 6,540 $ 15,260 $ 72,110 19,000 27,000 97,000 $ 215,110 $ 44,000 $ 11,340 $ 36,000 14,000 40,000 107,000 $ 197,000 $ 34,800 600 1,050 42,000 42,000 87,050 77,400 91,200 91,200 36,860 28,400 $ 215,110 $ 197,000 1. Compute the gross profit percentage in the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After Sedona Corporation released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Sedona's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 3-a. Compute the earnings per share for the current and previous years. (Round your answers to 2 decimal places.) 3-b. Are the current-year results better, or worse, than those for the previous year? 3-a. Current Year 3-a. Previous Year 3-b. Current year EPS? < Required 2 Required 4 > 2 Sedona Corporation declared and paid a cash dividend of $6,800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: 10 points Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense eBook Income before Income Tax Expense Income Tax Expense (30%) Net Income Print Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net References Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity Required: Current Year Previous Year $ 120,000 $ 107,000 56,000 52,000 64,000 55,000 38,000 34,600 4,200 4,200 21,800 16, 200 4,860 6,540 $ 15,260 $ 72,110 19,000 27,000 97,000 $ 215,110 $ 44,000 $ 11,340 $ 36,000 14,000 40,000 107,000 $ 197,000 $ 34,800 600 1,050 42,000 42,000 87,050 77,400 91,200 91,200 36,860 28,400 $ 215,110 $ 197,000 1. Compute the gross profit percentage in the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After Sedona Corporation released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Sedona's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 4-a. Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. (Round percentage values to 1 decimal place.) 4-b. Are the current-year results better, or worse, than those for the previous year? 4-a. Current Year 4-a. Previous Year 4-b. Current year return on equity ratio? % % < Required 3 Required 5 > 2 Sedona Corporation declared and paid a cash dividend of $6,800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: 10 points Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense eBook Income before Income Tax Expense Income Tax Expense (30%) Net Income Print Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net References Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity Required: Current Year Previous Year $ 120,000 $ 107,000 56,000 52,000 64,000 55,000 38,000 34,600 4,200 4,200 21,800 16, 200 4,860 6,540 $ 15,260 $ 72,110 19,000 27,000 97,000 $ 215,110 $ 44,000 $ 11,340 $ 36,000 14,000 40,000 107,000 $ 197,000 $ 34,800 600 1,050 42,000 42,000 87,050 77,400 91,200 91,200 36,860 28,400 $ 215,110 $ 197,000 1. Compute the gross profit percentage in the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After Sedona Corporation released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Sedona's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 5-a. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. (Round your answers to 2 decimal places.) 5-b. Are the current-year results better, or worse, than those for the previous year? 5-a. Current Year 5-a. Previous Year 5-b. Current year fixed asset turnover? < Required 4 Required 6 > 2 Sedona Corporation declared and paid a cash dividend of $6,800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: 10 points Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense eBook Income before Income Tax Expense Income Tax Expense (30%) Net Income Print Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net References Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity Required: Current Year Previous Year $ 120,000 $ 107,000 56,000 52,000 64,000 55,000 38,000 34,600 4,200 4,200 21,800 16, 200 4,860 6,540 $ 15,260 $ 72,110 19,000 27,000 97,000 $ 215,110 $ 44,000 $ 11,340 $ 36,000 14,000 40,000 107,000 $ 197,000 $ 34,800 600 1,050 42,000 42,000 87,050 77,400 91,200 91,200 36,860 28,400 $ 215,110 $ 197,000 1. Compute the gross profit percentage in the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After Sedona Corporation released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Sedona's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 6-a. Compute the debt-to-assets ratios for the current and previous years. (Round your answers to 2 decimal places.) 6-b. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 6-a. Current Year 6-a. Previous Year 6-b. Current year debt-to-assets ratio? < Required 5 Required 7 > 2 Sedona Corporation declared and paid a cash dividend of $6,800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: 10 points Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense eBook Income before Income Tax Expense Income Tax Expense (30%) Net Income Print Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net References Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity Required: Current Year Previous Year $ 120,000 $ 107,000 56,000 52,000 64,000 55,000 38,000 34,600 4,200 4,200 21,800 16, 200 4,860 6,540 $ 15,260 $ 72,110 19,000 27,000 97,000 $ 215,110 $ 44,000 $ 11,340 $ 36,000 14,000 40,000 107,000 $ 197,000 $ 34,800 600 1,050 42,000 42,000 87,050 77,400 91,200 91,200 36,860 28,400 $ 215,110 $ 197,000 1. Compute the gross profit percentage in the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After Sedona Corporation released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Sedona's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 7-a. Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 decimal place.) 7-b. Are the current-year results better, or worse, than those for the previous year? 7-a. Current Year 7-a. Previous Year 7-b. Current year times interest earned ratio? < Required 6 Required 8 > 10 2 points eBook Print References 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 Total Liabilities Notes Payable (long-term) Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity Current Year Previous Year $ 120,000 56,000 64,000 38,000 4,200 21,800 6,540 $ 15,260 $ 72,110 19,000 27,000 97,000 $ 215,110 $ 44,000 1,050 $ 107,000 52,000 55,000 34,600 4,200 16, 200 4,860 $ 11,340 $ 36,000 14,000 40,000 107,000 $ 197,000 $ 34,800 600 42,000 42,000 87,050 77,400 91,200 91,200 36,860 28,400 $ 215,110 $ 197,000 Required: 1. Compute the gross profit percentage in the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After Sedona Corporation released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Sedona's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 8-a. After Sedona Corporation released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. (Round your intermediate calculations to 2 decimal places and final answers to 1 decimal place.) 8-b. Does it appear that investors have become more (or less) optimistic about Sedona's future success? 8-a. Current Year 8-a. Previous Year 8-b. Current year P/E ratio? < Required 7 Required 8 > Show less A