Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page. 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 $0.75. The market value of the companys common stock at the end of the year was $27. 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	$	1,120		$	1,240
Accounts receivable, net		9,100			6,600
Inventory		12,700			10,700
Prepaid expenses		720			620
Total current assets		23,640			19,160
Property and equipment:
Land		9,200			9,200
Buildings and equipment, net		47,622			44,631
Total property and equipment		56,822			53,831
Total assets	$	80,462		$	72,991
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	18,500		$	19,000
Accrued payables		1,090			820
Notes payable, short term		100			100
Total current liabilities		19,690			19,920
Long-term liabilities:
Bonds payable		8,900			8,900
Total liabilities		28,590			28,820
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		46,172			38,471
Total stockholders' equity		51,872			44,171
Total liabilities and stockholders' equity	$	80,462		$	72,991

Heritage Antiquing Services Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	69,000		$	66,000
Cost of goods sold		37,000			34,000
Gross margin		32,000			32,000
Selling and administrative expenses:
Selling expenses		10,800			10,900
Administrative expenses		6,500			6,000
Total selling and administrative expenses		17,300			16,900
Net operating income		14,700			15,100
Interest expense		890			890
Net income before taxes		13,810			14,210
Income taxes		5,524			5,684
Net income		8,286			8,526
Dividends to preferred stockholders		60			370
Net income remaining for common stockholders		8,226			8,156
Dividends to common stockholders		525			525
Net income added to retained earnings		7,701			7,631
Retained earnings, beginning of year		38,471			30,840
Retained earnings, end of year	$	46,172		$	38,471

Required:

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

1.	Gross margin percentage. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

Gross margin percentage

%

2.	Earnings per share of common stock. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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

4.	Dividend payout ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place. Omit the "%" sign in your response.)

Dividend payout ratio

%

5.	Dividend yield ratio. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

Dividend yield ratio

%

6.	Return on total assets. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

Return on total assets

%

7.	Return on common stockholders' equity. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

Return on common stockholders' equity

%

8.	Book value per share. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Book value

$ per share

Frankly I am quite lost, having the steps included would be a great assistance for me. Thanks!