Divides on common stock during year 2 totaled $310 thousand. Dividends on preferred stock totaled $125 thousand. The market price of common stock at the end of year 2 was $ 9.58 per share.

Required: Compute the following for year 2.

a. Gross margin percentage. (Round your answer to 1 decimal place.) b. Earnings per share of common stock. (Round your answer to 2 decimal places.) c. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) d. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) e. Dividend yield ratio. (Round your answer to 2 decimal places.) f. Return on total assets. (Round your intermediate calculations and final answer to 2 decimal places.) g. Return on common stockholders' equity. (Round your answer to 2 decimal places.) h. Book value per share. (Round your answer to 2 decimal places.) i. Working capital. j. Current ratio. (Round your answer to 2 decimal places.) k. Acid-test ratio. (Round your answer to 2 decimal places.) l. Accounts receivable turnover. (Round your answer to 2 decimal places.) m. Average collection period. (Assume 365 days a year and round your answer to 1 decimal place.) n. Inventory turnover. (Round your answer to 2 decimal places.) o. Average sale period. (Assume 365 days a year and round your answer to 1 decimal place.) p. Times interest earned. (Round your answer to 2 decimal places.) q. Debt-to-equity ratio. (Round your answer to 2 decimal places.)

Current assets: Cash Statement of Financial Position December 31, Year 2 and Year1 (in thousands of dollars) Assets Accounts receivable Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Preferred stock, $100 par value, 10% Common stock, $1 par value Additional paid-in capital--common stock Retained earnings Total stockholders' equity Total liabilities & stockholders' equity Year 2 $ 320 540 330 120 Year 1 885 465 1,350 $ 430 440 1,310 1,440 3,150 2,930 $4,460 $4,370 1,250 620 680 560 450 120 $ 460 $ 390 105 160 320 200 750 570 1,320 1,250 620 680 500 3,110 3,050 $4,460 $4,370 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $ 5,490 3,570 1,920 1,171 749 42 707 212 $ 495