8. After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $38. After the release of its previous year's financial statements, the company's stock price was $35 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Pinnacle's future success? Complete this question by entering your answers in the tabs below. Required 1Required 2Required 3 Required 4Required 5 Required 6Required 7Required 8 8-a. After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $38. After the release of its previous year's financial statements, the company's stock price was $35 per share. Compute the P/E ratios 1 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 Pinnacle's future success? Show les Price/Earnings Ratio 8-a Current Year Previous Year 8-b. Current year P/E ratio? OMore Optimistic Pinnacle Plus declared and paid a cash dividend of $8,600 in the current year. Its comparative financial statements prepared at December 31, reported the following summarized information Previous Year Current Year 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 Retained EarningS $210,000 $179,000 92,00088,000 91,000 49,000 6,0006,000 36,000 16,80010,800 $ 39,200 25,200 118,000 56,000 56,000 $ 95,600 37,000 45,000 115,000 18,000 32,000 58,000 125.000 $292,600 233,000 62,000 33,000 1,500 60,00060,000 94,500 102,000 36,500 $292,600 233,000 1,500 123,500 102,000 67,100 s10) Total Liabilities and Stockholders' Equity Required