some Help Save & Est Suomi Check my work Brass Corporation declared and paid $3,900 of cash dividends during the current year ended December 31. its financial statements also reported the following summarized data 2.500 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Interest expense Income before income taxes Income tax expense Net Income Balance Sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities Notes payable (long-term) Common stock par ss) Additional paid in capital Retained earnings Total liabilities and stockholders equity Current Previous $ 225,000 $ 201,000 128,000 118.000 97.000 83,800 62,300 57.600 3,600 31,100 21,900 933e 3.900 $1,000 $ 6,870 5.8,900 28,000 27.500 49,000 44,000 54,000 47. Bee 3 137,870 3127,400 $ 17,00 $ 25,380 54,000 54, cee 35,400 35,400 6,800 5.ee 24,670 15,800 5 137,870 $ 127,400 Required: 1. Compute the gross profit percentage for the current and previous years. Are the current year results better or worse than those for shoes or worse than those for the CH equity 5 137.878 5 127,400 Required: 1. Compute the gross profit percentage for 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? TIP: To calculate EPS, use the balance in Common Stock to determine the number of shares outstanding, Common Stock equals the par value per share times the number of shares 4. Stockholders' equity totaled $35,400 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 $39,500 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 Brass released its current year's financial statements, the company's stock was trading at $39. After the release of its previous year's financial statements, the company's stock price was $30 per share. Compute the P/E ratios for both years. Does it appear that investors have become more or less) optimistic about Brass's future success? Die Pease of its previous Polly stock price was $30 per share. Compute the P/E ratios for both years. Does it appear that Investors have become more or less) optimistic about Brass'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 Required 1-a, Compute the gross profit percentage for the current and previous years. (Round percentage values to 1 decimal place) 1-b. Are the current-year results better, or worse, than those for the previous year? 1-a. Current Year 1-a. Previous Year 1-b, Current year gross profit percentage is: Required 2 > u Pelease of its previous $30 per share. Compute the P/E ratios for both years. Does it appear that Hilvestors have become more or less) optimistic about Brass'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 B 2-a. Compute the net profit margin for the current and previous years. (Round percentage values to 1 decimal place.) 2-b. Are the current-year results better, or worse, than those for the previous year? 2-a. Current Year 2-a. Previous Year 2-b, Current year net profit margin is: % % (Required 1 Required) success PA 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 per share for the current and previous years. TIP: To calculate EPS, use the balance in Common Stock to determine the number of shares outstanding. Common Stock equals the par value per share times the number of shares. (Round your answers to 2 decimal places.) 3-b. Are the current-year results better, or worse, than those for the previous year? Show less 3-a. Current Year 3-a. Previous Year 3-b. Current year EPS is: Compute the P/E ratios for both years. Does it appear that su become more for less) optimistic about Brass's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Requited 4 Required 5 Required 6 Required 7 Required 4-a. Stockholders' equity totaled $35,400 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? 4-a. Current Year 4-a. Previous Year 4-5. Current year return on equity ratio is: Chademy is curfent year's financial statements, the company's stock was trading at $39. After the release of its previous year's financial statements, the company's stock price was $30 per share. Compute the P/E ratios for both years. Does it appear that investors have become more or less) optimistic about Brass's future success? Complete this question by entering your answers in the tabs below. K Required 1 Required 2 Required 3 Required 4 Required Required 6 Required 7 Required aces 5-a. Net property and equipment totaled $39,500 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-b. Current year food asset turnover is: 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 7-a. Compute the times interest earned ratios for the current and previous years. (Round your answers to I decimal place.) 7-6. Are the current-year results better, or worse, than those for the previous year? 7-a. Current Year 7-a. Previous Year 7-b. Current year times interest earned ratio is: 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 8-a. After Brass released its current year's financial statements, the company's stock was trading at $39. After the release of its previous year's financial statements, the company's stock price was $30 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 Brass's future success? Show less 8-a. Current Year B-a. Previous Year 8-b. Current year P/E ratio is