Pinnacle Plus declared and paid a cash dividend of $6,900 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year 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 $125,000 $111,000 54,000 57,000 35,400 4,300 17,300 5,190 58,00054 67,000 39,000 4,300 23,700 7,110 $ 16,590 12,110 $ 73,415 20,000 28,000 98,000 35,000 15,000 41,000 108,000 $219,415 $199,000 $ 45,000 34,700 650 Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity 1,075 43,00043000 78,350 91,800 28,850 $219,415 $199,000 89,075 91,800 38,540 Required: 1. Compute the gross profit percentage in the current and previous years. Are the current year results better, or worse, than those for 2. Compute the net profit margin for the current and previous years. Are the current year results better, or worse, than those for the 3. Compute the earnings per share for the current and previous years. Are the current year results better, or worse, than those for the 4. Stockholders' equity totaled $103,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the 5. Net property and equipment totaled $113,000 at the beginning of the previous year. Compute the fixed 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 statements, the company's stock was trading at $21. After the release of its 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 $18 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Pinnacle's future success