PInnacle Plus declared and pald a cash dividend of $6,600 In the current year. Its comparative financlal statements, prepared at December 31, reported the following summarlzed 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 prevlous years. Are the current-year results better, or worse, than those for the prevlous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the prevlous year? 4. Stockholders' equity totaled $100,000 at the beginning of the prevlous year. Compute the return on equlty (ROE) ratlos for the current and prevlous years. Are the current-year results better, or worse, than those for the prevlous year? 5. Net property and equipment totaled $110,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and prevlous years. Are the current-year results better, or worse, than those for the prevlous year? 6. Compute the debt-to-assets ratlos for the current and prevlous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratlos for the current and prevlous years. Are the current-year results better, or worse, than those for the prevlous year? 8. After PInnacle Plus released Its current year's financlal statements, the company's stock was trading at $18. After the release of Its prevlous year's financlal statements, the company's stock price was $15 per share. Compute the P/E ratlos for both years. Does It appear that Investors have become more (or less) optimistic about PInnacle's future success