705 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 Year 1 Assets Current assets: Cash $ 175 $ 240 Accounts receivable, net 270 290 Inventory 240 210 Prepaid expenses 20 20 Total current assets 760 Plant and equipment, net 910 940 Total assets $ 1,615 $ 1,700 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 210 $ 240 Accrued liabilities 50 50 Notes payable, short term 40 40 Total current liabilities 300 330 Bonds payable 200 270 Total liabilities 500 600 Stockholders' equity: Common stock, $2 par value 200 200 Additional paid-in capital 330 330 Retained earnings 585 570 Total stockholders' equity 1,115 1,100 Total liabilities & stockholders' equity $ 1,615 $ 1,700 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 $1,250 780 470 385 85 20 65 20 $45 Dividends on common stock during Year 2 totaled $30 thousand. The market price of common stock at the end of Year 2 was $15.30 per share. Enter the following measures in the same order as they appear below: 1. Gross margin percentage 2. Earnings per share 3. Price earnings ratio 4. Return on equity