Pinnacle Plus declared and paid a cash dividend of $7,800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Required: 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 fesults better, or worse, than those for the previous year? 4. Stockholders' equity totaled $112,000 at the begining of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current year resulis better, or worse, than those for the previous year? 5. Net property and equipment totaled $122,000 at the beginning of the previous year. Compute the fored asset turnover ratios for the current ancprevious years. Are the current year results better, or worse, than those for the previous year? 6. Computit 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 yeat? 8. After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $30. After the release of its previous year's financial statements, the company's stock price was $27 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? Complete this question by entering your answers in the tabs below. 1-a. Compuce the gross profit percentage in the current and previous years. (Round your answers to 1 decimal place.) 1-b. Are the current year results better, or worse, than those for the previous year? Complete this question by entering your answers in the tabs below. 2-a. Compute the net profit margin for the current and previous years. (Round your answers to 1 decimal place. 2-b. Are the current year results better, or worse, than those for the previous year? 3-a. Compute the earnings per share for the current and previous years. (Round your answers to 2 decimal places. 3-b. Are the current year results better, or worse, than those for the previous year? 4-a. Stockholders' equity totaled $112,000 at the beginning of the previous year. Compute the return on equity for the current and previous years. (Round your answers to 1 decimal place.) 4-b. Are the current year results better, or worse, than those for the previous year? 5-a. Net property and equipment totaled $122,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. (Round your answers to 2 decimal places.) 5-b. Are the current year results better, or worse, than those for the previous year? Complete this question by entering your answers in the tabs below. 6-a. Compute the debt-to-assets ratios for the current and previous years. (Rounoyour answers to 2 decimal places.) 6-b. Is debt providing financing for a larger or smaller proportion of the company's asset growth? Complete this question by entering your answers in the tabs below. 7-a. Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 decimal place.) 7-b. Are the current year results better, or worse, than those for the previous year? Complete this question by entering your answers in the tabs below. 8-a. After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $30. After the release of its previous year's financial statements, the company's stock price was $27 per share. Compute the P/E ratios for both years. (Round your intermediate calculations to 2 decimal places and final answers to 1 decimal place.) 8-b. Does it appear that investors have become more (or less) optimistic about Pinnacle's future success