Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear below. The company did not issue any new common or preferred stock during the year. A total of 700 thousand shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $1.00. The market value of the companys common stock at the end of the year was $28. All of the companys sales are on account.

Heritage Antiquing Services Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,240		$	1,370
Accounts receivable, net		9,700			7,600
Inventory		13,000			11,400
Prepaid expenses		790			580
Total current assets		24,730			20,950
Property and equipment:
Land		10,000			10,000
Buildings and equipment, net		43,688			40,104
Total property and equipment		53,688			50,104
Total assets	$	78,418		$	71,054
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	20,000		$	18,800
Accrued payables		980			720
Notes payable, short term		250			250
Total current liabilities		21,230			19,770
Long-term liabilities:
Bonds payable		8,100			8,100
Total liabilities		29,330			27,870
Stockholders' equity:
Preferred stock		1,000			1,000
Common stock		700			700
Additional paid-in capital		4,000			4,000
Total paid-in capital		5,700			5,700
Retained earnings		43,388			37,484
Total stockholders' equity		49,088			43,184
Total liabilities and stockholders' equity	$	78,418		$	71,054

Heritage Antiquing Services Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	68,000		$	65,000
Cost of goods sold		38,000			35,000
Gross margin		30,000			30,000
Selling and administrative expenses:
Selling expenses		11,500			10,900
Administrative expenses		6,600			6,400
Total selling and administrative expenses		18,100			17,300
Net operating income		11,900			12,700
Interest expense		810			810
Net income before taxes		11,090			11,890
Income taxes		4,436			4,756
Net income		6,654			7,134
Dividends to preferred stockholders		50			390
Net income remaining for common stockholders		6,604			6,744
Dividends to common stockholders		700			700
Net income added to retained earnings		5,904			6,044
Retained earnings, beginning of year		37,484			31,440
Retained earnings, end of year	$	43,388		$	37,484

Required:

Compute the following financial ratios for common stockholders for this year:

1.	Gross margin percentage. (Round your answer to 1 decimal place.)

Gross margin percentage

%

2.	Earnings per share of common stock. (Round your answer to 2 decimal places.)

Earnings per share

$

3.	Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.)

Price-earnings ratio

times

4.	Dividend payout ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.)

Dividend payout ratio

%

5.	Dividend yield ratio. (Round your answer to 1 decimal place.)

Dividend yield ratio

%

6.	Return on total assets. (Round your intermediate calculations to whole numbers and final answer to 1 decimal place.)

Return on total assets

%

7.	Return on common stockholders' equity. (Round your intermediate calculations to whole numbers and final answer to 1 decimal place.)

Return on common stockholders' equity

%

8.	Book value per share. (Round your answer to 2 decimal places.)

Book value per share

$