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

	Current Year			Previous Year
Income Statement
Sales Revenue	$	180,000		$	155,000
Cost of Goods Sold		80,000			76,000
Gross Profit		100,000			79,000
Operating Expenses		50,000			44,200
Interest Expense		5,400			5,400
Income before Income Tax Expense		44,600			29,400
Income Tax Expense (30%)		13,380			8,820
Net Income	$	31,220		$	20,580
Balance Sheet
Cash	$	87,770		$	24,000
Accounts Receivable, Net		31,000			26,000
Inventory		39,000			52,000
Property and Equipment, Net		109,000			119,000
Total Assets	$	266,770		$	221,000
Accounts Payable	$	56,000		$	33,600
Income Tax Payable		1,350			1,200
Note Payable (long-term)		54,000			54,000
Total Liabilities		111,350			88,800
Common Stock (par $10)		98,400			98,400
Retained Earnings		57,020			33,800
Total Liabilities and Stockholders Equity	$	266,770		$	221,000

During the current year, cash dividends amounting to $8,000 were declared and paid.

Required:

1-a.	Compute the gross profit percentage in the current and previous years. (Round your answers to 1 decimal place.)

Current year Previous year

2-a.	Compute the net profit margin for the current and previous years. (Round your answers to 1 decimal place.)

Current year Previous year

3-a.	Compute the earnings per share for the current and previous years. (Round your answers to 2 decimal places.)

Current year Previous year

4-a.	Stockholders' equity totaled $114,000 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.)

Current year Previous year

5-a.	Net property and equipment totaled $124,000 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.)

Current year Previous year

6-a.	Compute the debt-to-assets ratios for the current and previous years. (Round your answers to 2 decimal places.)

Current year Previous year

7-a.	Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 decimal place.)

Current year Previous year

8-a.

After Pinnacle Plus released its current year's financial statements, the company's stock was trading at $32. After the release of its previous year's financial statements, the company's stock price was $29 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.)

Current year Previous year

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