Pinnacle Plus declared and paid a cash dividend of $6,800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year eBook 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 $120,000 $107,000 52,000 55,000 34,600 4,200 16,200 4.860 56,000 64,000 38,000 4,200 21,80061700 s 15,260 11,340 Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets 72,110 36,000 19,00014,000 40,000 27,000 7,000 107,000 $215,110 $197,000 44,000 34,800 600 42-000 42,000 7,400 91,200 Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Conmon Stock (par $10) Retained Earnings 1,050 87,050 91,200 8:86028,400 $215,110 197,000 Total Liabilities and Stockholders Equity Required: 1. Compute the gross profit percentage in the c 2. Compute the net profit margin for the 3. Compute the ea 4. Stockholders' equity totaled $102.000 at th 5. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the flixed asset turnover ratios for the 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of 7. Compute the times interest earned ratios for the current and previous years. Are the current year results better, or worse, than those 8. After Pinnacle Plus released its current year's financial statemints, the company's stock was trading at $20. After the release of its urrent and previous years. Are the current year results better, or worse, than those for the previous year? previous year? previous year? current and previous years. Are the current year results better, or worse, than those for the previous year? current and previous years. Are the current year results better, or worse, than those for the previous year? the company's asset growth? for the previous year? previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years. Does it current and previous years. Are the current year results better, or worse, than those for the rnings per share for the current and previous years. Are the current year results better, or worse, than those for the e beginning of the previous year. Compute the return on equity (ROE) ratios for the 5 appear that investors have become more (or less) optimistic about Pinnacle's future success