The following financial statement information for Tronics Inc. is available: The following information relates to the firm's

Question:

The following financial statement information for Tronics Inc. is available:

The following information relates to the firm's common stock for the same period:

Instructions:
1. For each year compute
(a) Gross profit percentage.
(b) Return on sales.
(c) Price-earnings ratio.
2. Do you notice any significant trends as a result of this analysis?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...