Please help with 3-8. Thank you!
Sedona Corporation declared and paid a cash dividend of $8.400 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year $ 200,000 88,000 112,080 54,090 5,800 52,200 15.660 $ 36,540 $ 171,000 34,000 87,000 47,400 5 800 33,800 10, 140 $ 23,660 Income Statement Sales Revenue Cost of Goods sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense income Tax Expense (30%) Tiet Income Balance Sheet Cash Accounts Receivable, Net Tnventory Property and Equipoent Net Total Assets Accounts Payable Income Tax Payable Rotes Payable (long tern) Total Liabilities Common Stock par 50% Retained Earnings total oblities and Stockholders' Equity $ 92,990 35,000 43,000 11.000 $ 283,990 $ 60,000 1,450 58.ee 119.450 100,000 53 740 3 20.900 520,000 30,000 56,000 123,000 $ 229,000 $2,200 1,400 58.000 92.000 100,000 $ 220,000 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 $118.000 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 $128.000 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 debit 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 bettet or worse than those for the previous year? . 8. After Sedons Corporation released its current year's financial statements, the company's stock was trading at $36. After the release of its previous year's financial statements, the company's stock orice was $33 per share. Compute the PE ratios for both years Does it appear that investors have become more or less) optimistic about Sedono's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 3-a. Compute the earnings par share for the current and previous years. (Round your answers to 2 decimal places.) 3.5. Are the current-year results better, or worse, than those for the previous year? 3-2. Current Year 3.a. Previous Year 3-5 Current year EPS? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 4-a. Stockholders' equity totaled $118,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. (Round percentage values to 1 decimal place) 4-b. Are the current-year results better, or worse, than those for the previous year? 4a. Current Year 4.a. Previous Year 4-6. Current year return on equity ratio? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Required 6 Required 7 Required 8 5-a. Net property and equipment totaled $128,000 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? 5-a. Current Year 5-a Previous Year 5. Current year fixed asset turnover? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 6-a. Compute the debt-to-assets ratios for the current and previous years. (Round your answers to 2 decimal places.) 6-b. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 6. Current Year 6-a Previous Year 6- Current year debt-to-assets ratio? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 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? 2-a Current Year 7-a. Previous Year 7-b. Current year times interest eamed ratio?
