Check my work Panther Printing declared and paid a cash dividend of $6,900 in the current year its comparative financial statements, prepared at December 31, reported the following summarized information: Income Statement Current Year Previous Year Sales Revenue Cost of Goods Sold $ 125,000 $ 111,000 Gross Profit 58.000 $4,000 Operating Expenses 67,000 57.000 39,000 Interest Expense 35,400 Income before Income Tax Expense 4,300 4. Jee 23,700 Income Tax Expense (309) 17,380 2,110 5,190 Net Income $ 16,590 $ 12.110 Balance Sheet Cash $ 73, 415 $ 35,00 Accounts Receivable, Net 20,000 15,000 Inventory 28,00 41,000 Property and Equipment, Net 98.000 108,000 Total Assets $ 219,415 $ 199,000 Accounts Payable $ 45,000 5 34,700 Income Tax Payable 1,025 650 Notes Payable (long-term) 43.ee Total Liabilities 89,05 78,350 91,800 91,800 Common Stock (par $1e) 38,540 28,850 Retained Earnings Total Liabilities and Stockholders' Equity $ 219,415 $ 199,000 43,000 Required: marcentage in the current and previous years. Are the current-year results better, or worse than those for Check my werk Income Tax Payable Notes Payable (long-tern) 1,075 650 Total Liabilities 43,000 43,000 Common Stock (par s10 89,075 78,358 Retained Earnings 91.800 91.880 38.540 Total Liabilities and Stockholders' Equity 28,850 $ 219, 415 $ 199,000 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 $103.000 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 $113,000 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 asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current year results botter, or worse, than those for the previous year? 8. After Panther Printing released its current year's financial statements, the company's stock was trading of $21. After the release of its previous year's financial statements, the company's stock price was $18 per share. Compute the P/E ratios for both years. Does it appear that investors have become more or less optimistic about Panther's future success? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Required 6 Required 7 Required 1-a. Compute the gross profit percentage in the current and previous years. (Round percentage values to I 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 2 > year's financial statements, the company's stock was trading at $21. After the release of its previous year's financial statements, the company's stock price was $18 per share. Compute the P/E ratios for both years. Does appear that investors have become more or less) optimistic about Panther's future success? Check my w Complete this question by entering your answers in the tabs below. DOK Required I Requireya Required 3 Required 4 Required 5 Required 6 Required 7 Required rences 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? Hy stock was trading at $21. After the release of its e company's stock price was $18 per share. Compute the P/E ratios for both years. Does it appear that investors have become more for less) optimistic about Panther's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 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? B current year's financial statements, the company's stock was trading at $21. After the release of its previous year's financial statements, the company's stock price was $18 per share. Compute the P/E ratios for both years. Does it appear that investors have become more or less) optimistic about Panther's future success? Check my w Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Requind 4 Required 5 Required 6 Required 7 Required 8 4-a. Stockholders' equity totaled $103,000 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 a Required 6 > 18. Compute the P/E ratios for both years. Does it SIDIS ve become more or less optimistic about Panther'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 B S-a. Net property and equipment totaled $113,000 at the beginning or 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? 121 1.00 Better Complete this question by entering your answers in the tabs below. Required y Required 2 Required 3 Required 4 Required 5 Required 6 Required Required B 7-a. Compute the times interest earned ratios for the current and previous years. (Round your answers to I 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 7-5. Current year times interest earned ratio? the company's stock was trading at $21. After the release of its Hinancial statements, the company's stock price was $18 per share. Compute the P/E ratios for both years. Does it appear that investors have become more or less) optimistic about Panther's future success? Wor 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-a. After Panther Printing released its current year's financial statements, the company's stock was trading at $21. After the release of its previous year's financial statements, the company's stock price was $18 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 Panther's future success? Show less 8-a. Current Year 8-a. Previous Year 8-b. Current year P/E ratio?