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Can you please help me Mostly one questions 4-8. Thank you. PA13-2 (Algo) Analyzing Comparative Financial Statements Using Selected Ratios [LO 13-4, 13-5) Pinnacle Plus

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Can you please help me Mostly one questions 4-8. Thank you.

PA13-2 (Algo) Analyzing Comparative Financial Statements Using Selected Ratios [LO 13-4, 13-5) Pinnacle Plus declared and paid a cash dividend of $7,200 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year $140,000 64,000 76,000 42,000 4,600 29,400 8,820 $ 20,580 $123,000 60,000 63,000 37,800 4,600 20,600 6,180 $ 14,420 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 $ 77,330 23,000 31,000 101,000 $ 232,330 $ 48,000 1,150 46,000 95,150 93,600 43,580 $ 232,330 $ 32,000 18,000 44,000 111,000 $ 205,000 $ 34,400 800 46,000 81,200 93,600 30, 200 $ 205,000 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 $106,000 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 $116,000 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 Pinnacle Plus released its current year's financial statements, the company's stock was trading at $24. After the release of its previous year's financial statements, the company's stock price was $21 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

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