21. Espinola Corporation's most recent balance sheet and income statement appear below: Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets: Cash.... Accounts receivable Inventory Prepaid expenses. Total current assets Plant and equipment, net. Total assets. $ 320 $ 180 220 140 20 700 860 $1.500 $1.490 Liabilities and Stockholders' Equity Current liabilities: Accounts payable. Accrued liabilities, Notes payable, short term. Total current liabilitics Bonds payable... Tolal liabilities holders' equity: Preferred stock, $100 par value, 5%. Common stock, $1 par valuc...... Additional paid-in capital common stock ........ Retained earnings Total stockholders' equity. Total liabilities & stockholders' equity ............... $ 200 $ 170 80 40 320 210 530) ****** *438 223091 100 100 150 680 1.030 $1,560 $1,490 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 $1,220 790 430 268 162 26 136 41 95 Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $12.87 per share. Required: Compute the following for Year 2: a. Gross margin percentage. b. Earnings per share (of common stock). -c. Price-earnings ratio. d. Dividend payout ratio. e. Dividend yield ratio. f. Return on total assets. g. Return on common stockholders' equity. h. Book value per share. i. Working capital. j. Current ratio. k. Acid-test ratio. 1. Accounts receivable turnover. m. Average collection period. n. Inventory turnover. 0. Average sale period. p. Times interest earned. q. Debt-to-equity ratio