This is all one question.

On Time Clocks declared and paid a cash dividend of $8,200 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year $ 190,000 84,000 106,000 52,000 5,600 48, 400 14,520 $ 33,880 $ 163,000 80,000 83,000 45,800 5,600 31,600 9,480 $ 22,120 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 Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity $ 90, 380 33,000 41,000 111,000 $ 275,380 $ 58,000 1,400 56,000 115, 400 99,600 60,380 $ 275,380 $ 22,000 28,000 54,000 121,000 $ 225,000 $ 33,400 1,300 56,000 90,700 99,600 34,700 $ 225,000 Required: 1. Compute the gross profit percentage in the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 4. Stockholders' equity totaled $116,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $126,000 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After On Time Clocks released its current year's financial statements, the company's stock was trading at $34. After the release of its previous year's financial statements, the company's stock price was $31 per share. Compute the P/E ratios for both years. Does it appear that investors have become more or less) optimistic about On Time's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 1-a. Compute the gross profit percentage in the current and previous years. (Round percentage values to 1 decimal place.) 1-b. Are the current-year results better, or worse, than those for the previous year? 1-a. Current Year % % 1-a. Previous Year 1-b. Current year gross profit percentage? 2-a. Compute the net profit margin for the current and previous years. (Round percentage values to 1 decimal place.) 2-b. Are the current-year results better, or worse, than those for the previous year? % 2-a. Current Year 2-a. Previous Year 2-b. Current year net profit margin? % 3-a. Compute the earnings per share for the current and previous years. (Round your answers to 2 decimal places.) 3-b. Are the current-year results better, or worse, than those for the previous year? 3-a. Current Year 3-a. Previous Year 3-b. Current year EPS? 4-a. Stockholders' equity totaled $116,000 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. (Round percentage values to 1 decimal place.) 4-b. Are the current-year results better, or worse, than those for the previous year? 4-a. Current Year 4-a. Previous Year 4-b. Current year return on equity ratio? % % 5-a. Net property and equipment totaled $126,000 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.) 5-b. Are the current-year results better, or worse, than those for the previous year? 5-a. Current Year 5-a. Previous Year 5-b. Current year fixed asset turnover? 6-a. Compute the debt-to-assets ratios for the current and previous years. (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? 6-a. Current Year 6-a. Previous Year 6-b. Current year debt-to-assets ratio? 7-a. Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 decimal place.) 7-b. Are the current-year results better, or worse, than those for the previous year? 7-a. Current Year 7-a. Previous Year 7-b. Current year times interest earned ratio? W 8-a. After On Time Clocks released its current year's financial statements, the company's stock was trading at $34. After the release of its previous year's financial statements, the company's stock price was $31 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.) 8-b. Does it appear that investors have become more or less) optimistic about On Time's future success? Show less 8-a. Current Year 8-a. Previous Year 8-b. Current year P/E ratio