Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net 20 thousas UT QULLdtS Year 2 Year 1 Assets 180 $ 250 280 300 250 220 20 20 730 790 940 980 $1,670 $1,770 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 220 $ 250 Accrued liabilities 50 50 Notes payable, short term 40 40 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 310 340 210 300 520 640 200 200 330 330 620 600 1,150 1,130 $1,670 $1,770 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 $1,320 820 500 395 105 20 85 26 $ 59 Dividends on common stock during Year 2 totaled $39 thousand. The market price of common stock at the end of Year 2 was $14.40 per share. Required: Compute the following for Year 2: a. Gross margin percentage. (Round your answer to 1 decimal place.) b. Earnings per share. (Round your answer to 2 decimal places.) c. Return on equity. (Round your "Percentage" 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. Inventory turnover. (Round your answer to 2 decimal places.) g. Average sale period. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 1 decimal place.) h. Debt-to-equity ratio. (Round your answer to 2 decimal places.) a. Gross margin percentage b. Eamings per share c. Return on equity d. Working capital e. Current ratio Inventory turnover % 9. Average sale period days h Debt-to-equity ratio)