Help Save & Ex Eignment i Che Tiger Audio declared and paid a cash dividend of $7,325 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Previous $312,000 163,650 148,350 57,600 5,800 84,950 25,485 $ 59,465 $257,000 147,000 110,000 48,130 5,070 56,800 17,040 $ 39,760 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 $1) Retained Earnings Total Liabilities and Stockholders' Equity $ 64,390 29.300 43.000 145,000 281,690 16,000 350 00 S50 .800 110.240 $281.690 $ 43,400 25,000 40.000 133,400 241,800 $ 34,000 3,700 110,200 147.900 35,800 58,100 $241,800 Required: 1. Compute the gross profit percentage in the current and previous years. Are the current year results better, or worse, than those fi 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 Check my wa 4,350 Income Tax Payable Note Payable (long-tern) Total Liabilities Common Stock (par $1) Retained Earnings Total Liabilities and Stockholders' Equity 95,300 135.550 35,800 110,240 $281,690 3,700 110,200 147,900 35,800 58. 100 $241,800 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 Are the current year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and Are the current year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $83,000 at the beginning ous year. Compute the return on equity ratios for the current and previous years. Are the current year results better, or wo a n those for the previous year? 5. Net property and equipment totaled $133,000 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 Tiger released its current year financial statements, the company's stock was trading at $28. After the release of its previous year financial statements, the company's stock price was $15 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Tiger's future success? Complete this question by entering your answers in the tabs below. year financial statements, the company's stock price was $15 per share. Compute the P/E ratios for both years. Does it investors have become more (or less) optimistic about Tiger's future success? Complete this question by entering your an e 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 your answers to 1 decimal place.) 1-b. Are the current year results better, or worse, than those for the previous year? 1-a. Gross Profit Percentage Current Year Previous Year 1-5. Current year gross profit percentage? Better Worse Required 2 > year financial statements, the company's stock price was $15 per share. Compute the P/E ratios for both years. investors have become more (or less) optimistic about Tiger's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Requi od 5 Required 6 Required 7 Required 8 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? 2-a Net Profit Margin Current Year Previous Year 2-b. Current year net profit margin? Better Worse year financial statements, the company's stock price was $15 per share. Compute the P/E ratios for both years. investors have become more (or less) optimistic about Tiger's future success? Complete this question by entering your a the tabs below Required 1 Required 2 Required 3 Requir Required 5 Required 6 Required 7 Required 8 3-a. Compute the earnings per share for the current and previous year or 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 Share Current Year Previous Year 3-b. Current year EPS? Better Worse ( Required 2 Required 4 ) year financial statements, the company's stock price was $15 per share. Compute the P/E ratios for both years. Does investors have become more or less) optimistic about Tiger's future success? Complete this question by entering your answer bs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 4-a. Stockholders' equity totaled $83,000 at the beginning of the previous year. Compute the return on equity 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-b. Current year return on equity ratio? O Better Worse ( Required a Required 6 > year financial statements, the company's stock price was $15 per share. Compute the P/E ratios for both years. Do investors have become more (or less) optimistic about Tiger's future success? Complete this question by entering your an abs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required B 5-a. Net property and equipment totaled $133,000 at the beginning of the previous year. Compute the fixed asset turnove ratios for the current and previous years. (Round your answers to 2 decimal places.) 5-6. Are the current year results better, or worse, than those for the previous year? Fixed Asset Turnover Current Year Previous Year 5-b. Current year fixed asset tumover? Better Worse Required Required 6 ) year financial statements, the company's stock price was $15 per share. Compute the P/E ratios for both investors have become more or less) optimistic about Tiger's future success? Complete this question by entering your answ 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 pla 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 6-b. Current year debt-to-assets ratio? Larger Proportion Smaller Proportion Help Save & Exit Submit signment Check my work year financial statements, the company's stock price was $15 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Tiger's future success? Complete this question by entering your answers in the tabs below. Required 7 Required 1 Required B Required 2 Required 3 Required 4 Required B-a. After Tiger released its current year financial statements, the com e was trading at $28. After the release of its previous year financial statements, the company's stock price was $15 pe r Compute the P/E ratios for both years. (Round your intermediate calculations to 2 decimal places and final anwerto I decimal place.) 8-b. Does it appear that investors have become more or less) optimistic about Tiger's future success? Show less Price Earnings Ratio Current Year Previous Year Current year PE ratio? More Optimistic Less Optimistic ( fequired