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

	Current Year			Previous Year
Income Statement
Sales Revenue	$	120,000		$	107,000
Cost of Goods Sold		56,000			52,000
Gross Profit		64,000			55,000
Operating Expenses		38,000			34,600
Interest Expense		4,200			4,200
Income before Income Tax Expense		21,800			16,200
Income Tax Expense (30%)		6,540			4,860
Net Income	$	15,260		$	11,340
Balance Sheet
Cash	$	72,110		$	36,000
Accounts Receivable, Net		19,000			14,000
Inventory		27,000			40,000
Property and Equipment, Net		97,000			107,000
Total Assets	$	215,110		$	197,000
Accounts Payable	$	44,000		$	34,800
Income Tax Payable		1,050			600
Note Payable (long-term)		42,000			42,000
Total Liabilities		87,050			77,400
Common Stock (par $10)		91,200			91,200
Retained Earnings		36,860			28,400
Total Liabilities and Stockholders Equity	$	215,110		$	197,000

During the current year, cash dividends amounting to $6,800 were declared and paid.

1-a. Compute the gross profit percentage in the current and previous years

2-a. Compute the net profit margin for the current and previous years

3-a. Compute the earnings per share for the current and previous years.

4-a.Stockholders' equity totaled $102,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years

5-a. Net property and equipment totaled $112,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years.

6-a. Compute the debt-to-assets ratios for the current and previous years.

7-a. Compute the times interest earned ratios for the current and previous years.

8-a. After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $20. After the release of its previous year's financial statements, the company's stock price was $17 per share. Compute the P/E ratios for both years