Loos Associates declared and paid a cash dividend of $6,425 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information:

Loos Associates declared and paid a cash dividend of $6,425 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Previous Current $ 267,000 145,658 121,350 48,600 4,900 67,850 20,355 $ 47,495 $ 221,600 129,000 92,800 40,930 4,170 46,900 14,070 $ 32,830 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Incone Tax Expense Income Tax Expense (384) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $1) Retained Earnings Total Liabilities and Stockholders' Equity $ 52,195 23,900 34,000 136,000 $.246,095 $ 31,500 3,675 85,400 120,575 30,400 95, 120 $ 246,095 $ 40,700 20,500 31,000 126,200 $ 218,400 $ 29,500 3,250 101,200 133,950 30,400 54,050 $ 218,400 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 $74,000 at the beginning of the previous year. Compute the return on equity 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 $124,000 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 Loos released its current-year financial statements, the company's stock was trading at $29. After the release of its previous-year financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it appear that investors have become more or less) optimistic about Loos'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 8 1-a. Compute the gross profit percentage in the current and previous years. (Round percentage values to 1 decimal place.) 1-b. Are the current-year results better, or worse, than those for the previous year? 1-aCurrent Year 1-a. Previous Your 1.b. Current year gross profit percentage? Required 2 > 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 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 Your % 2-b. Current year net profit margin? Required 3 > % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required Required 8 4-a. Stockholders' equity totaled $74,000 at the beginning of the previous year. Compute the return on equity ratios for the current and previous years. (Round percentage values to 1 decimal place.) 4-6. Are the current-year results better, or worse, than those for the previous year? 4-a. Current Year 4-a. Previous Year 4-6. Current year return on equity ratlo? 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 5-a. Net property and equipment totaled $124,000 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? 5-a. Current Year 5-a. Previous Year 5-6. Current year fixed asset turnover? 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 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? 6-a. Current Year 6-a. Previous Year 6-b. Current your debt-to-assets ratio? 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 7-a. Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 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 Your 7.b. Current your times interest earned ratio? 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 8-a. After Loos released its current-year financial statements, the company's stock was trading at $29. After the release of its previous-year financial statements, the company's stock price was $17 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 Loos's future success? Show less B-a. Current Year B-a. Previous Year 8-b. Current year P/E ratio