Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Assets Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets $ 175 270 240 2e 7e5 910 $1,615 $ 240 290 21e 20 760 940 $1,700 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 210 50 40 300 2ee 500 $ 240 5e 4e 33e 270 600 200 33e 585 1,115 $1,615 2ee 33e 570 1,100 $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 Required: 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.) 9. Return on equity (Round your "Percentage" answer to 2 decimal places.) h Book value per share (Round your answer to 2 decimal places.) 1. Working capital (Input your answer in thousands of dollars.) 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 answer to 1 decimal place.) p. Times interest earned ratio (Round your answer to 2 decimal places.) 4. Debt-to-equity ratio (Round your answer to 2 decimal places.) 5 376% 0.45 340 66.71 a Gross margin percentage b. Earnings por share o Price-earnings ratio d Dividend payout ratio e Dividend yield ratio Return on total assets 3. Return on equity In Book value per share 4.06% 37.6% 0.45 34.0 66.71% 9 % 07 4.06% a Gross margin percentage b. Earnings per share c. Price-earnings ratio d. Dividend payout ratio e. Dividend yield ratio Return on total assets 9. Return on equity h Book value per share 1. Working capital Current ratio k. Acid-test ratio Accounts receivable turnover m. Average collection period n. Inventory turnover 0 Average sale period p. Times interest earned ratio 9 Debt-to-equity ratio days days
