please help me find answers from 1-8
Pinnacle Plus declared and paid a cash dividend of $7.300 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized Information: Current Year Previous Year $145, eee 66,080 79,888 43, eee 4,700 31,388 9,390 $ 21,910 $127,600 62,880 65,000 38,600 4,700 21,700 6,510 $ 15,190 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (306) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Connon Stock (par $19) Retained Earnings Total Liabilities and Stockholders' Equity $ 78,635 24.ee 32,eee 182,000 $236,635 $ 49, eee 1,175 47,000 97,175 94,200 45,260 $236,635 $ 31,00 19,eee 45,000 112,888 $207, eee $ 34,300 850 47,680 82,150 94,200 38,650 $207, eee 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 results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $107.000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current year results better, or worse than those for the previous year? 5. Net property and equipment totaled $117.000 at the beginning of the previous year . Compute the fixed asset turnover ratios for the current and previous years. Are the current year results better, or worse than those for the previous year? 6. Compute 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 year? 8. After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $25. After the release of its previous year's financial statements, the company's stock price was $22 per share. Compute the PE ratios for both years. Does It appear that investors have become more or less optimistic about Pinnacle's future success? Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 6 Required 7 Required a 1-a. Compute the gross profit percentage in the current and previous years. (Round your answers to 1 decimal place.) 1-5. Are the current year results better, or worse than those for the previous year? 1-a Gross Profit Percentage Current Year Previous Year 1-6. Current year gross profit percentage? Better Worse
