Espinola Corporation's most recent balance sheet and income statement appear below: Statement of Financial Position December 31. Year 2 nd Year 1 (in thousands of dollars) Year 2 Year! Assets Current assets: Cash.. Accounts receivable Inventory Prepaid expenses. Total cument assets Plant and equipment, net Total assets $ 320 $ 180 220 240 140 130 20 20 700 570 860) 920 $1.560 1.490 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current linbilities Bonds payable "Total linbilities Stockholders' cquity: Preferred stock, $100 par value, 5% Common stock, $1 par value Additional paid-in capital common stock Retained earings Total stockholders' cquity Total liabilities & stockholders' equity $200 $ 170 80 80 40 40 320 290 210 220 530 510 100 100 100 100 150 1.50 680 OSD 1.030 90 $1 560 $1,490 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 $1,220 790 430 268 162 26 136 41 $95 Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled SS thousand. The market price of common stock at the end of Year 2 was $12.87 per share. Required: Compute the following for Year 2: a. Gross margin percentage. b. Earnings per share (of common stock) rice-earnings ratio. Dividend payout ratio. e. Dividend yield ratio. f. Return on total assets. g. Return on common stockholders' equity. h. Book value per share. i. Working capital. j. Current ratio. k. Acid-test ratio. 1. Accounts receivable turnover. m. Average collection period. n. Inventory turnover. Average sale period. p. Times interest earned. q. Debt-to-equity ratio. 0