26 Year 1 Hyrkas Corporation's most recent balance sheet and income statement appear below. Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Assets Current assets: Cash $ 230 Accounts receivable, net 388 Inventory 350 Prepaid expenses 20 Total current assets 980 Plant and equipment, net 1,240 Total assets $2,220 10 points $350 4ea 320 20 1020 1 380 $2,470 1:00:04 $350 50 40 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities. Stockholders' equity! Common stock, $2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity $ 320 Se 40 410 310 728 540 980 200 33e 280 330 970 1.5ea $2,220 IT 96 1,490 52.470 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 (304) Net income $1,580 1,010 570 495 75 20 55 17 $ 38 Help Save at 26 Dividends on common stock during Year 2 totaled $28 thousand. The market price of common stock at the end of Year 2 was $8.50 per share. 10 boints 00 Required: Compute the following for Year 2 a. Gross margin percentage. (Round your answer to 1 decimal place) b. Earnings per share. (Round your answer to 2 decimal places.) c. Price-earnings ratio (Do not round Intermediate calculations. Round your answer to 1 decimal place) d. Dividend payout ratio (Do not round Intermediate calculations, Round your "Percentage answer to 1 decimal place) e Dividend yield ratio (Round your "Percentage answer to 2 decimal places) Return on total assets. (Do not round Intermediate calculations. Round your "Percentage answer to 2 decimal places g. Return on equity (Round your "Percentage answer to 2 decimal places) h Book value per share. (Round your answer to 2 decimal places) Working capital input your answer in thousands of dollars) 1. Current ratio. (Round your answer to 2 decimal places) k. Acid-test (quick) ratio. (Round your answer to 2 decimal places) Accounts receivable turnover. (Round your answer to 2 decimal places) m Average collection period. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 1 decimal place.) n Inventory turnover (Round your answer to 2 decimal places.) o. Average sale period. (Use 365 days in a year. Do not round intermediate calculations. Round your anuwer to 1 decimal place) p. Times interest earned ratio. (Round your answer to 2 decimal places.) a Debt-to-equity ratio (Round your answer to 2 decimal places) a Gross margin percentage b. Lamins per share c Price-camins ratio d. Dividend payout ratio Dividend yield ratio C Reum on tool assets o Return on equity Book value per share It Working capital