Use the data given in PB13-1 for Tiger Audio. 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 $65,000 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 wolse, than those for the previous year? 5. Net property and equipment totaled $115,000 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? Page 607 8. After Tiger released its current year financial statements, the company's stock was trading at $17. After the release of its previous year financial statements, the company's stock price was $12 per share. Compute the P/E ratios for both years. Round to one decimal place. Does it appear that investors have become more (or less) optimistic about Tiger's future success? 4