\
Tiger Audio declared and paid a cash dividend of $7,225 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Previous $307,000 161,650 145,350 56,600 5,700 83,050 24,915 $ 58,135 $253,000 145,000 108,000 47,330 4,970 55,700 16,710 $ 38,990 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Incone 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 Note Payable (long-term) Total Liabilities Connon Stock (par $1) Retained Earnings Total Liabilities and Stockholders' Equity $ 63,035 28,700 42,000 144,000 $277,735 $ 35,500 4,275 94,200 133,975 35,200 108,560 $277,735 $ 43,100 24,500 39,000 132,600 $ 239,200 $ 33,500 3,650 109,200 146, 350 35,200 57.650 $ 239,200 Total Liabilities and Stockholders' Equity $277,735 $239,209 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 $82,000 at the beginning of the previous year. Compute the return on equity 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 $132,000 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 Tiger released its current year financial statements, the company's stock was trading at $27. After the release of its previous year financial statements, the company's stock price was $14 per share. Compute the P/E ratios for both years. Does it appear that investors have become more or less) optimistic about Tiger's future success? Complete this question by entering your answers in the tabs below. 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 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 Earnings per Share Current Year Previous Year 3-b Current year EPS? Better Worse Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required Required 5 Required 6 Required 7 Required 8 4-a. Stockholders' equity totaled $82,000 at the beginning of the previous year. Compute the return on equity ratios for the current and previous years. (Round your answers to 1 decimal place.) 4-b. Are the current year results better, or worse, than those for the previous year? 4-a Current Year Previous Year Return on Equity % % 4-b. Current year return on equity ratio? Better Worse Compute the P/E ratios for both years. Does it app investors have become more or less) optimistic about Tiger'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 5-a. Net property and equipment totaled $132,000 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? Fixed Asset 15-a. Turnover Current Year Previous Year 5-b Current year fixed asset turnover? Better Worse 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 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? Debt to Assets Current Year Previous Year 6-a 6-b Current year debt-to-assets ratio? Larger Proportion OSmaller Proportion 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 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? Times Interest 17-a Earned Current Year Previous Year 17-b. Current year times interest earned ratio? O Better Worse 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 8-a. After Tiger released its current year financial statements, the company's stock was trading at $27. After the release of its previous year financial statements, the company's stock price was $14 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 Tiger's future success? Show less 8-a Price/Earnings Ratio Current Year Previous Year 8-b Current year P/E ratio? More Optimistic Less Optimistic 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 $82,000 at the beginning of the previous year. Compute the return on equity 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 $132,000 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 Tiger released its current year financial statements, the company's stock was trading at $27. After the release of its previous year financial statements, the company's stock price was 514 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Tiger's future success? Tiger Audio declared and paid a cash dividend of $7,225 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Previous $307,000 161,650 145,350 56,600 5,700 83,050 24,915 $ 58,135 $253,000 145,000 108,000 47,330 4,970 55,700 16,710 $ 38,990 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Incone 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 Note Payable (long-term) Total Liabilities Connon Stock (par $1) Retained Earnings Total Liabilities and Stockholders' Equity $ 63,035 28,700 42,000 144,000 $277,735 $ 35,500 4,275 94,200 133,975 35,200 108,560 $277,735 $ 43,100 24,500 39,000 132,600 $ 239,200 $ 33,500 3,650 109,200 146, 350 35,200 57.650 $ 239,200 Total Liabilities and Stockholders' Equity $277,735 $239,209 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 $82,000 at the beginning of the previous year. Compute the return on equity 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 $132,000 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 Tiger released its current year financial statements, the company's stock was trading at $27. After the release of its previous year financial statements, the company's stock price was $14 per share. Compute the P/E ratios for both years. Does it appear that investors have become more or less) optimistic about Tiger's future success? Complete this question by entering your answers in the tabs below. 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 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 Earnings per Share Current Year Previous Year 3-b Current year EPS? Better Worse Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required Required 5 Required 6 Required 7 Required 8 4-a. Stockholders' equity totaled $82,000 at the beginning of the previous year. Compute the return on equity ratios for the current and previous years. (Round your answers to 1 decimal place.) 4-b. Are the current year results better, or worse, than those for the previous year? 4-a Current Year Previous Year Return on Equity % % 4-b. Current year return on equity ratio? Better Worse Compute the P/E ratios for both years. Does it app investors have become more or less) optimistic about Tiger'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 5-a. Net property and equipment totaled $132,000 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? Fixed Asset 15-a. Turnover Current Year Previous Year 5-b Current year fixed asset turnover? Better Worse 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 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? Debt to Assets Current Year Previous Year 6-a 6-b Current year debt-to-assets ratio? Larger Proportion OSmaller Proportion 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 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? Times Interest 17-a Earned Current Year Previous Year 17-b. Current year times interest earned ratio? O Better Worse 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 8-a. After Tiger released its current year financial statements, the company's stock was trading at $27. After the release of its previous year financial statements, the company's stock price was $14 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 Tiger's future success? Show less 8-a Price/Earnings Ratio Current Year Previous Year 8-b Current year P/E ratio? More Optimistic Less Optimistic 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 $82,000 at the beginning of the previous year. Compute the return on equity 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 $132,000 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 Tiger released its current year financial statements, the company's stock was trading at $27. After the release of its previous year financial statements, the company's stock price was 514 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Tiger's future success
