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The comparative financial statements prepared at December 31. 2012. for Pinnacle Plus showed the following summarized data: One-half of all sales are on credit. During

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The comparative financial statements prepared at December 31. 2012. for Pinnacle Plus showed the following summarized data: One-half of all sales are on credit. During 2012. cash dividends amounting to $5,000 were declared and paid. Required: Compute the gross profit percentage in 2012 and 2011 Is the trend going in the right direction? Compute the net profit margin for 2012 and 2011 Is the trend going in the right direction? Compute the earnings per share for 2012 and 2011. Does the trend look good or bad? Shareholders' equity totalled $110,000 at the end of 2010. Compute the return on equity (ROE) ratios for 2012 and 2011. Is the trend going in the right direction? Net property and equipment totalled $120,000 at the end of 2010. Compute the fixed asset turnover ratios for 2012 and 2011. Compute the debt-to-assets ratios for 2012 and 2011. Is debt providing financing for a larger or smaller proportion of the company's asset growth? Compute the times interest earned ratios for 2012 and 2011. Do they look good or bad? After Pinnacle Plus released its 2012 financial statements, the company's shares were trading at $29. After the release of its 2011 financial statements, the company's share price was $35 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Pinnacle's future success

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