The comparative financial statements prepared at December 31 for Pinnacle Plus showed the following summarized data:

	Current Year			Previous Year
Income Statement
Sales Revenue	$	210,000		$	179,000
Cost of Goods Sold		92,000			88,000
Gross Profit		118,000			91,000
Operating Expenses		56,000			49,000
Interest Expense		6,000			6,000
Income before Income Tax Expense		56,000			36,000
Income Tax Expense (30%)		16,800			10,800
Net Income	$	39,200		$	25,200
Balance Sheet
Cash	$	95,600		$	18,000
Accounts Receivable, Net		37,000			32,000
Inventory		45,000			58,000
Property and Equipment, Net		115,000			125,000
Total Assets	$	292,600		$	233,000
Accounts Payable	$	62,000		$	33,000
Income Tax Payable		1,500			1,500
Note Payable (long-term)		60,000			60,000
Total Liabilities		123,500			94,500
Common Stock (par $10)		102,000			102,000
Retained Earnings		67,100			36,500
Total Liabilities and Stockholders Equity	$	292,600		$	233,000

During the current year, cash dividends amounting to $8,600 were declared and paid.

Required:

1-a.

Compute the gross profit percentage in the current and previous years. (Round your answers to 1 decimal place.) 2.Compute the net profit margin for the current and previous years. (Round your answers to 1 decimal place.) 3. Compute the earnings per share for the current and previous years. (Round your answers to 2 decimal places.) 4. Stockholders' equity totaled $120,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. (Round your answers to 1 decimal place.) 5.Net property and equipment totaled $130,000 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.) 6.Compute the debt-to-assets ratios for the current and previous years. (Round your answers to 2 decimal places.) 7.Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 decimal place.) 8. After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $38. After the release of its previous year's financial statements, the company's stock price was $35 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.)