Use the data for River City Fabrication, Inc., from P4-41A.

Requirements
1. Calculate the earnings per share for River City Fabrication for the year. Assume the average number of common shares outstanding during the year was 16,000 shares. Round to the nearest cent.
2. The earnings per share for 2015 was $8.29. Did the earnings per share improve or deteriorate during 2016?
3. Calculate the gross profit percentage for River City Fabrication, Inc., for the year.
4. The gross profit percentage for 2015 was 64.8 percent. Did the gross profit percentage improve or deteriorate during 2016?
5. Calculate the net income percentage for River City Fabrication, Inc.
6. The net income percentage for 2015 was 32.3 percent. Did the net income percentage improve or deteriorate during 2016?

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$411,900 145,000 11,600 4,200 $144,300 Sales Revenue.. Cost of Goods Sold. Equipment.. Accounts Payable. Sales Discounts Advertising Expense. Interest Expense Salaries Payable . Accounts Receivable. Accumulated Depreciation, Equipment. Unearned Sales Revenue . Prepaid Rent. Office Salaries Expense (General) Accumulated Depreciation, Building. Utilities Expense (General). Dividends.. 33,300 7,700 6,000 42,000 11,500 800 2,800 7,800 170,000 50,200 5,400 13,000 5,500 52,900 1,800 Building. Sales Returns and Allowances. 6,100 40,000 Cash. Retained Earnings, 12/31/2015. Delivery Expense. Insurance Expense (General). Mortgage Payable (Long-Term) Supplies. Common Stock Depreciation Expense (General) Inventory.. Commission Expense. 14,000 29,800 11,100 30,400 39,000 700