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Pls help The comparative financial statements prepared at December 31, 2014, for Pinnacle Plus showed the following summarized data: 2014 2013 Income Statement Sales Revenue

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The comparative financial statements prepared at December 31, 2014, for Pinnacle Plus showed the following summarized data: 2014 2013 Income Statement Sales Revenue Cost of Goods Sold $ 117,000 54,800 $106,000 50,800 -40 Gross Profit Operating Expenses Interest Expense 62,200 38,100 4,700 55,200 35,100 4.700 Income before Income Tax Expense Income Tax Expense (30%) 19,400 5,820 15.400 4,620 ces Net Income $ 13,580 $ 10,780 Balance Sheet Cash Accounts Receivable, Net Inventory Property and equipment, Net $ 61,252 44.000 28,500 109,000 $ 15,350 35,500 45,000 119,000 Total Assets $242,752 $214,850 Accounts Payable Income Taxes Payable Note Payable, Long-Term $ 66,702 1,070 47,000 $ 45,580 570 47.000 114.772 Total Liabilities Contributed Capital (9,350 93.150 ann Accounts Payable Income Taxes Payable Note Payable, Long-Term $ 66,702 1,070 47.000 $ 45,580 570 47,000 114,772 Total Liabilities Contributed Capital (9,350 shares) Retained Earningst 93,500 93,150 93,500 28,200 34.480 03 Total Liabilities and Shareholders' Equity $242,752 $214,850 ces - One-half of all sales are on credit. During 2014, cash dividends amounting to $7,300 were declared and paid. Required: 1-a. Compute the gross profit percentage in 2014 and 2013. (Round your answers to 1 decimal place.) 2014 Gross Profit Percentage % % 2013 1-b. Is the trend going in the right direction? No Yes 2-a. Compute the net profit margin for 2014 and 2013. (Round your answers to 1 decimal place.) 2014 2013 Net Profit Margin % % 2-b. Is the trend going in the right direction? O NO Yes 3-a. Compute the earnings per share for 2014 and 2013. (Round your answers to 2 decimal places.) Earnings per Share . Is the trend going in the right direction? ONo Yes . Net property and equipment totalled $124,000 at the end of 2012 Compute the fixed asset turnover ratios for 2014 and 2013. (Round your answers to 2 decimal places.) Fixed Asset Turnover 1014 013 -b. Is the trend going in the right direction? NO Yes --a. Compute the debt-to-assets ratios for 2014 and 2013. (Round your answers to 2 decimal places.) Debt-to

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