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Accounting Ch 13 HW Q #3 Pinnacle Plus declared and paid a cash dividend of $8,100 in the current year. It's comparative financial statements prepared at December 31, reported the following summarized information.

Pinnacle Plus declared and paid a cash dividend of $8,100 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year $185,000 82,000 103,000 51,000 5,500 46,500 13,950 $ 32,550 $159,000 78,000 81,000 45,000 5,500 30,500 9 150 $ 21,350 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (308) 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 $ 89,075 32,00 40,000 110,000 $271,075 $ 57,000 1,375 55,000 113,375 99,000 58,700 $271, 075 $ 23,000 27,000 53,000 120,000 $223,000 $ 33,500 1,250 55,000 89, 750 99,000 34,250 $223,000 vences 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 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 $115,000 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 $125,000 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 $33. After the release of its previous year's financial statements, the company's stock price was $30 per share. Compute the P/E ratios for both years. Does it nopear that investors have become more or less) optimistic about Pinnacle's future success? Complete this question by entering your answers in the tabs below. 5 Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required Required 8 1-a. Compute the gross profit percentage in the current and previous years. (Round your answers to 1 decimal place.) 1-b. Are the current year results better, or worse than those for the previous year? Current Year Previous Year Gross Profit Percentage % % 1-5. Current year gross profit percentage? Better Worse Rented 1 Required 2 > BOOK Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 Required 4 Required Required 6 Required 7 Required References 2-a. Compute the net profit margin for the current and previous years. (Round your answers to 1 decimal place.) 2-b. Are the current year results better, or worse, than those for the previous year? Net Profit Margin 2-a: Current Year Previous Year 2-b. Current year net profit margin? Better Worse Complete this question by entering your answers in the tabs below. Print erences Required 1 Required 2 Required 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. Earnings per Sharo Current Year Previous Year 3-b Current year EPS? Better Worse Complete this question by entering your answers in the tabs below. int ences Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required B 4-3. Stockholders' equity totaled $115,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. (Round your answers to 1 decimal place.) 4-b. Are the current year results better, or worse, than those for the previous year? Return on Equity Current Year Previous Year % 4-5. Current year return on equity ratio? Better Worse Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 Required 4 Requilted 5 erences Required 6 Required 7 Required 8 S-a. Net property and equipment totaled $125,000 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? Fixed Asset 5-a. Turnover Current Year Previous Year 5-6. Current year foxed asset turnover? Better Worse Complete this question by entering your answers in the tabs below. Print erences Required 1 Required 2 Required 3 Required 4 Required 5 Requited 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? Debt-to-Assets Current Year Previous Year 5-a 6-b. Current year debt-to-assets ratio? Larger Proportion OSmaller Proportion Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Reclired 7 Required B Required 7-a. Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 decimal place) 7-1. Are the current year results better, or worse, than those for the previous year? Times Interest Earned Current Year Previous Year 7-5. Current year times interest earned ratio? Better Worse Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 ces Required B 8-a. After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $33. After the release of its previous year's financial statements, the company's stock price was $30 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 Pinnacle's future success? Show less Price/Earnings 8-a Ratio Current Year Previous Year 8-b. Current year P/E ratio? More Optimistic Loss Optimistic