Question: The following financial statement information for Tronics Inc. is available: The following information relates to the firms common stock for the same period: Instructions: 1.

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 thisanalysis?

(In thousands) Sales Cost of goods sold Operating expenses 2011 2010 2009 $6041 $5,872$5.24 3.202 1,991 165 $5,872 $5,324 2.396 578 280 2,877 1,779 Income taxes 2011 2010 2009 1,000 $8.13 1,000 $12.25 $15.32 1,000 Shares outstanding Market value per share at year-end

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1 2011 2010 2009 a Gross profit percentage 470 510 550 b Return on sales 113 169 201 c Pri... View full answer

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