pinnacle plus declared and paid a cash dividend of 6600 and a current year its comparative financial statements for paired a December 31 reported the following summarized information

net property and equipment totaled 110,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years Q-1

compute the debit to assets ratios for the current and previous years Q-2

compute the Times interest earned ratios for the current and previous years Q-3

after Pinnacles plus released its current years financial statements the company stock was trading at $18 after the release of its previous years financial statements to companies price was $15 per share compute the PE ratios for both years does it appear that investors have become more or less optimistic about pinnacles future? Q-4

Pinnacle Plus declared and paid a cash dividend of $6.600 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year $ 110,000 52,00 58,000 36,000 4,000 18,000 5.400 $ 12,600 599,000 48.000 51,888 33,00 4,000 14,000 4.200 $ 9,800 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 Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Notes Payable (long-ters) Total Liabilities Common Stock (par 310) Retained Earnings Total Liabilities and Stockholders' Equity 5 69,580 17.000 25,000 95,000 $ 206,500 $ 42,000 1,000 40,000 83,000 90,000 33,500 $ 206,500 $ 38,000 12,000 38,000 105,eee $ 193,000 $ 35,00 See 40,000 75,500 90,000 27,589 5 193,000 Current Year Previous Year $ 110,000 52,000 58,888 36,000 4,800 18,000 5,400 $ 12,600 $ 99,800 48,000 51,800 33,000 4,000 14,000 4,280 $ 9,800 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 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 $ 69,500 17,000 25,000 95,000 $ 206,500 $ 42,000 1,000 40,000 83,000 9 , 33,500 $ 206,500 $ 38,eee 12,000 38,eee 105,888 $ 193,000 $ 35,00 500 40,000 75,500 90,000 27,5ee $ 193,000 the current year. Its compar arative Tina Current Year Previous Year $ 110,000 52,000 58,000 36,000 4,000 18,000 5,400 $ 12,600 $ 99,000 48,000 51,000 33,000 4,000 14,000 4,200 $ 9,800 $ 69,500 17,000 25,000 95,000 $ 206,500 $ 42,000 1,000 40,000 83,000 90,000 33,500 $ 206,500 $ 38,000 12,000 38,000 105,000 $ 193,000 $ 35,000 500 40,000 75,500 90,000 27,500 $ 193,000 evious years. Are the current-year resu years. Are the current-year results be us years. Are the currento