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The comparative financial statements prepared at December 31, 2017, for Pinnacle Plus showed the following summarized data One-half of all sales are on credit. During

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed The comparative financial statements prepared at December 31, 2017, for Pinnacle Plus showed the following summarized data One-half of all sales are on credit. During 2017 , cash dividends amounting to $6,600 were declared and paid. Required: 1-a. Compute the gross profit percentage in 2017 and 2016. (Round your answers to 1 decimal place.) 1-b. Is the trend going in the right direction? Yes No 2-a. Compute the net profit margin for 2017 and 2016. (Round your answers to 1 decimal place.) 2-b. Is the trend going in the right direction? Yes No 3-a. Compute the earnings per share for 2017 and 2016. (Round your answers to 2 decimal places.) 3-b. Does the trend look good or bad? Good Bad 4-a. Shareholders' equity totalled $100,000 at the end of 2015. Compute the return on equity (ROE) ratios for 2017 and 2016. (Round your answers to 1 decimal place.) 4-b. Is the trend going in the right direction? Yes No 5-a. Net property and equipment totalled $110,000 at the end of 2015. Compute the fixed asset turnover ratios for 2017 and 2016 . (Round your answers to 2 decimal places.) 5-b. Is the trend going in the right direction? Yes No 6-a. Compute the debt-to-assets ratios for 2017 and 2016. (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? Smaller proportion Larger proportion 7-a. Compute the times interest earned ratios for 2017 and 2016. (Round your answers to 1 decimal place.) 7-b. Does the outcome of ratio in 2017 appears to be good or bad for the company? Good Bad 8-a. After Pinnacle Plus released its 2017 financial statements, the company's shares were trading at \$18. After the release of its 2016 inancial statements, the company's share price was $15 per share. Compute the P/E ratios for both years. (Round 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 Pinnacle's future success? More optimistic Less optimistic

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