Hyrkas Corporation's most recent balance sheet and income statement appear below. Balance Sheet December 31, Year 2 and Year 1 Assets Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets $ 220 360 330 20 930 1,180 $2,110 $ 330 380 300 20 1,030 1.300 $2,330 Liabilities and stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, 52 par value Additional paid in capital Retained earnings Total stockholders equity Total liabilities & stockholders' equity $ 300 Se 40 390 290 680 $ 330 50 40 420 see 920 200 330 900 1,430 $2,110 200 330 880 1.410 $2,330 Income Statement For the Year Ended December 31, Year 2 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 $1,560 990 570 475 95 20 75 23 52 Compute the following for Year 2 HINT: If the answer is looking for a percentage, multiply the decimal in your calculator by 100 to get the percentage (e.g. if you divide 49/1,000 and your calcualtor shows 0.05, multiply it by 100, which will give you 4.90%). a. Gross margin percentage. (Round your answer to 1 decimal place.) b. Earnings per share (Round your answer to 2 decimal places.) c. Price-eamings 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.) . Return on total assets (Do not round intermediate calculations. Round your "Percentage answer to 2 decimal places.) 9. Return on equity. (Round your "Percentage" answer to 2 decimal places.) h Book value per share (Round your answer to 2 decimal places.) 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.) 1. 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.) % % % % a Gross margin percentage b. Earnings per share Price-eamings ratio d Dividend payout ratio e Dividend yield ratio 1 Return on total assets g Return on equity h Book value per share Working capital Current ratio k Acid-test ratio 1 Accounts receivable turnover m Average collection period n Inventory turnover o Average sale period Timos interest oamed ratio 9 Debt-to equity ratio days days
