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a. return on total assets. (Do not round intermediate calculations. Round your Percentage answer to 2 decimal places.) b. Return on equity. ( Round your
a. return on total assets. (Do not round intermediate calculations. Round your "Percentage" answer to 2 decimal places.)
b. Return on equity. (Round your "Percentage" answer to 2 decimal places.)
c. Book value per share. (Round your answer to 2 decimal places.)
d. Working capital. (Input your answer in thousands of dollars.)
e. Current ratio. (Round your answer to 2 decimal places.)
f. Acid-test (quick) ratio. (Round your answer to 2 decimal places.)
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: $ 200 $ 290 340 260 20 910 1,140 $1,890$2,05e Accounts receivable, net Inventory Prepaid expenses 320 290 20 830 1,060 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: $ 260 $ 290 50 40 380 420 800 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total 1iabilities Stockholders' equity: 50 40 350 250 600 Common stock, $2 par value Additional paid-in capital Retained earnings 200 330 760 1,290 $1,890 200 330 Total stockholders' equity Total liabilities&stockholders' equity 1,250 $2,95 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 $1,45e 910 540 435 105 20 85 26 $ 59 Dividends on common stock during Year 2 totaled $19 thousand. The market price of common stock at the end of Year 2 was $9.90 per shareStep by Step Solution
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