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 $30,200 12,000 5,500 $ 12,700 3,900 3,900 $ 4,900 Net income At December 31, 2019: Assets Cash and short-term investments Accounts receivable, net Property, plant, and equipment, net Total assets Liabilities and Stockholders' Equity Accounts payable Income taxes payable Notes payable (long term) Paid-in capital Retained earnings Total liabilities and stockholders' equity $ 2,900 9,800 84,400 $ 97,100 $ 1,200 1,500 52,900 12,000 29,500 $ 97,100 At December 31, 2018, total assets were $80,900 and total stockholders' equity was $37,400. 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 $8,200. 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 3.9 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 1,169,000 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 $18.72. 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F1 Required F2 Assume that the balance of "Accounts Receivable, net" at December 31, 2018, was $8,200. Calculate the following activity measures for Gerrard Construction Co. for the year ended December 31, 2019: 1. Accounts receivable turnover. (Round your answer to 1 decimal place.) 2. Number of days' sales in accounts receivable. (Use 365 days of the year. Do not round intermediate calculations. Round your answer to 1 decimal place.) Accounts receivable turnover Number of days' sales times days Show less Complete this question by entering your answers in the tabs below. Show less Required A Required B Required C Required D Required E Required F1 Required F2 Calculate the following financial leverage measures for Gerrard Construction Co. at December 31, 2019: (Enter your answer as a percentage rounded to 1 decimal place (i.e., 32.1).) 1. Debt ratio. 2. Debt/equity ratio. Debt ratio Debt/Equity ratio % % do do Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F1 Required F2 Review the answer from requirement f1 at this time. Assume that Gerrard Construction Co. had 1,169,000 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 $18.72. Calculate the following profitability measures for the year ended December 31, 2019: (Round your answers to 1 decimal place. Round "Earnings per share" answer to 2 decimal places.) 1. Earnings per share of common stock. 2. Price/earnings ratio. 3. Dividend yield. 4. Dividend payout ratio. 1. Earnings per share of common stock 2. Price/earnings ratio 3. Dividend yield 4. Dividend payout ratio times % % Show less Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F1 Required F2 Calculate the amount of dividends declared and paid during the year ended December 31, 2019. (Enter your answer in thousands (i.e., 20,000 should be entered as 20).) Dividends declared and paid