oay Construction deciarea ana para a casn aiviaena of >,IUU in the current year. Its comparative Tinancial statements, prepared at ecember 31, reported the following summarized information: Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Current Year Previous Year $ 135,000 62,000 $ 119,000 58,000 73,000 61,000 41,000 37,000 4,500 4,500 27,500 8,250 19,500 5,850 $ 19,250 Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity Required: $ 76,025 22,000 30,000 100,000 $ 228,025 $ 47,000 1,125 $ 13,650 $ 33,000 17,000 43,000 110,000 $ 203,000 $ 34,500 750 45,000 93,12580,250 45,000 93,000 93,000 41,900 29,750 $ 228,025 $ 203,000 . 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? - 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? . 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? . Stockholders' equity totaled $105,000 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? . Net property and equipment totaled $115,000 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? 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? 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? - After Cody Construction released its current year's financial statements, the company's stock was trading at $23. After the release of its previous year's financial statements, the company's stock price was $20 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Cody's future success? C