The comparative financial statements prepared at December 31 for Pinnacle Plus showed the following summarized data Previous Current Year Year Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Pavable Note Payable (long-term) Total Liabilities Common Stock (par $10) Retained Eanings Total Liabilities and Stockholders' Equity $110,000 $ 99,000 48,000 51,000 33,000 4,000 14,000 4,200 $12,600 $ 9,800 52,000 58,000 36,000 4,000 18,000 5,400 $ 69,500 38,000 12,000 38,000 95.000 05.000 17,000 25,000 $206,500 $193,000 $42,000 $ 35,000 500 40,000 75,500 90,000 27,500 $206,500 $193,000 1,000 40,000 83,000 90,000 33,500 4-a. Stockholders' equity totaled $100,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. (Round your percentage answers to 1 decimal place.) Return on un ty Current Year Previous Year This is a numeric cell, so please enter numbers only 4-b. Are the current year results better, or worse, than those for the previous year? Better Worse 5-a. Net property and equipment totaled $110,000 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.) Fixed Asset Turnover Current Year Previous Year 6-a. Compute the debt-to-assets ratios for the current and previous years. (Round your answers to 2 decimal places.) Debt-to-Assets Current Year Previous Year 6-b. Is debt providing financing for a larger or smaller proportion of the company's asset growth? Larger Proportion Smaller Proportion 7-a. Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 decimal place.) Times Interest Earned Current Year Previous Year 8-a. After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $18. After the release of its previous year's financial statements, the company's stock price was $15 per share. Compute the P/E ratlos for both years. (Round your intermediate calculations to 2 decimal places and final answers to 1 decimal place.) Price/Earnings Ratio Current Year Previous Year