Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: For the Year Ended December 31, 2019: Net revenues Cost of services provided Depreciation expense Operating income Interest expense Income tax expense Net income At December 31, 2019: Assets $ 33,200 11,600 6,500 $ 15,100 3,500 3,300 $ 8,300 Cash and short-term investments Accounts receivable, net Property, plant, and equipment, net Total assets Liabilities and Stockholders' Equity Accounts payable $ 2,900 9,700 83,400 $ 96,000 $ 1,600 Income taxes payable Notes payable (long term) Paid-in capital Retained earnings Total liabilities and stockholders' equity 1,300 53,700 10,000 29,400 $ 96,000 At December 31, 2018, total assets were $80,000 and total stockholders' equity was $32,500. There were no changes in notes payable or paid-in capital during 2019. Required: a. From the above income statement and balance sheet for Gerrard Construction Co. What other financial statements are required? b. Indicate the note disclosures that should be provided by Gerrard Construction Co. c. Assume that the balance of "Accounts Receivable, net" at December 31, 2018, was $8,400. Calculate the following activity measures for Gerrard Construction Co. for the year ended December 31, 2019: 1. Accounts receivable turnover. 2. Number of days' sales in accounts receivable. d. Calculate the following financial leverage measures for Gerrard Construction Co. at December 31, 2019: 1. Debt ratio. 2. Debt/equity ratio. e. Gerrard Construction Co. wishes to lease some new earthmoving equipment from Caterpillar on a long-term basis. What impact (increase, decrease, or no effect) would a capital lease of 4.4 million have on the company's debt ratio and debt/equity ratio? f. (1) Calculate the amount of dividends declared and paid during the year ended December 31, 2019. (2) Review the answer from requirement f1 at this time. Assume that Gerrard Construction Co. had 1,171,000 shares of $1 par value common stock outstanding throughout 2019, and that the market price per share of common stock at December 31, 2019, was $18.74. Calculate the following profitability measures for the year ended December 31, 2019: 1. Earnings per share of common stock. 2. Price/earnings ratio. 3. Dividend yield. 4. Dividend payout ratio.