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

	Current Year			Previous Year
Income Statement
Sales Revenue	$	130,000		$	115,000
Cost of Goods Sold		60,000			56,000
Gross Profit		70,000			59,000
Operating Expenses		40,000			36,200
Interest Expense		4,400			4,400
Income before Income Tax Expense		25,600			18,400
Income Tax Expense (30%)		7,680			5,520
Net Income	$	17,920		$	12,880
Balance Sheet
Cash	$	74,720		$	34,000
Accounts Receivable, Net		21,000			16,000
Inventory		29,000			42,000
Property and Equipment, Net		99,000			109,000
Total Assets	$	223,720		$	201,000
Accounts Payable	$	46,000		$	34,600
Income Tax Payable		1,100			700
Note Payable (long-term)		44,000			44,000
Total Liabilities		91,100			79,300
Common Stock (par $10)		92,400			92,400
Retained Earnings		40,220			29,300
Total Liabilities and Stockholders Equity	$	223,720		$	201,000

During the current year, cash dividends amounting to $7,000 were declared and paid.

4-a.

Stockholders' equity totaled $104,000 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.)

	Return on Equity
Current Year		%
Previous Year		%

Net property and equipment totaled $114,000 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

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