Maxwell Corporation declared and paid a cash dividend of $5,825 in the current year, its comparative financial statements, prepared at December 31, reported the following summarized information: Income Statement Sales Revenue Cost of Goods Sold i Gross Profit Operating Expenses Interest Expense Incone before Income Tax Expense Income Tax Expense (10%) 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 Current $ 237,000 133,650 103,350 42,600 4,300 56,450 16,935 $ 39,515 $ 44,065 20,300 28,000 130,000 $ 222,365 $ 28,500 3,225 78,800 110,525 26,000 85,040 $ 222,365 Previous $ 197,000 117,000 80,000 36,130 3,570 40,300 12,090 $ 28,210 $ 38,990 17,500 25,000 121,400 $ 202,800 $ 26,500 2,950 95,200 124,650 26,800 51,350 $ 202,00 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 $68,000 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 $118,000 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 Maxwell released its current-year financial statements, the company's stock was trading at $22. 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 Maxwell's future success?