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 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. Price-earnings ratio. (Do not round intermediate calculations. Round your answer to 1 decimal place.)

d. Dividend payout ratio. (Do not round intermediate calculations. Round your "Percentage" answer to 1 decimal place.)

e. Dividend yield ratio. (Round your "Percentage" answer to 2 decimal places.)

f. Return on total assets. (Do not round intermediate calculations. Round your "Percentage" answer to 2 decimal places.)

g. Return on equity. (Round your "Percentage" answer to 2 decimal places.)

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

i. Working capital. (Input your answer in thousands of dollars.)

j. Current ratio. (Round your answer to 2 decimal places.)

k. Acid-test (quick) ratio. (Round your answer to 2 decimal places.)

l. 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.)

q. Debt-to-equity ratio. (Round your answer to 2 decimal places.)

Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year1 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $200290 340 260 20 910 1,140 $1,890 $2, 050 320 290 20 830 1,060 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: $260290 50 40 380 420 800 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: 50 4 0 350 250 600 Common stock, $2 par value Additional paid-in capital Retained earnings 200 330 760 1,290 200 330 720 1,250 Total stockholders' equity Total liabilities&stockholders' equity $1,890 2,050 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 $1,450 910 540 435 105 2 0 85 26 $ 59