Hyrkas Corporation's most recent balance sheet and income statement appear below: Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Asset: Current assets Cash Accounts receivable Inventory Prepaid expenses $ 200 $ 210 310 320 210 200 25 25 Total current assets Plant and equipment, net 745 755 980 960 Total assets $1,725 $1,715 Liabilities and stockholders' equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term $ 260 $ 250 150 200 210 150 Total current liabilities Bonds payable 610 290 610 340 Total liabilities 900 950 Stockholders' equity: Common stock, $1 par value Additional paid-in capital--common stock Retained earnings 100 110 615 555 100 110 Total stockholders' equity 825 765 g. Compute the return on common stockholders' equity for Year 2. (Round your answer to 2 decimal places, eg. 0.1234 12.34%) Return on common stockholders' equity h. Compute the book value per share for Year 2. (Round your answer to 2 decimal places.) Book value per share i. Compute the working capital for Year 2. (Input your answer in thousands of dollars, e.g. $100,000 is 100.) Working capital . Compute the current ratio for Year 2. (Round your answer to 2 decimal places.) Current ratio k. Compute the acid-test ratio for Year 2. (Round your answer to one decimal place.) Acid-test ratio l. Cornpirix, IK: ilix:nulini Rxxy:abk, tuntoves for Year 2 (Round your answer to 2 decimal places.) Accounts receivable turnover m. Compute the average collection period for Year 2. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to one decimal place.) Average collection period Days n. Compute the inventory turnover for Year 2. (Round your answer to 2 decimal places.) Inventory turnover o. Compute the average sale period for Year 2. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to one decimal place.) Average sale period Days p. Compute the times interest earned for Year 2, (Round your answer to 2 decimal places.) Times interest earned q. Compute the debt-to-equity ratio for Year 2. (Round your answer to 2 decimal places. e.g. 0.1234- 0.12) Debt-to-equity ratio Hyrkas Corporation's most recent balance sheet and income statement appear below: Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Asset: Current assets Cash Accounts receivable Inventory Prepaid expenses $ 200 $ 210 310 320 210 200 25 25 Total current assets Plant and equipment, net 745 755 980 960 Total assets $1,725 $1,715 Liabilities and stockholders' equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term $ 260 $ 250 150 200 210 150 Total current liabilities Bonds payable 610 290 610 340 Total liabilities 900 950 Stockholders' equity: Common stock, $1 par value Additional paid-in capital--common stock Retained earnings 100 110 615 555 100 110 Total stockholders' equity 825 765 g. Compute the return on common stockholders' equity for Year 2. (Round your answer to 2 decimal places, eg. 0.1234 12.34%) Return on common stockholders' equity h. Compute the book value per share for Year 2. (Round your answer to 2 decimal places.) Book value per share i. Compute the working capital for Year 2. (Input your answer in thousands of dollars, e.g. $100,000 is 100.) Working capital . Compute the current ratio for Year 2. (Round your answer to 2 decimal places.) Current ratio k. Compute the acid-test ratio for Year 2. (Round your answer to one decimal place.) Acid-test ratio l. Cornpirix, IK: ilix:nulini Rxxy:abk, tuntoves for Year 2 (Round your answer to 2 decimal places.) Accounts receivable turnover m. Compute the average collection period for Year 2. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to one decimal place.) Average collection period Days n. Compute the inventory turnover for Year 2. (Round your answer to 2 decimal places.) Inventory turnover o. Compute the average sale period for Year 2. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to one decimal place.) Average sale period Days p. Compute the times interest earned for Year 2, (Round your answer to 2 decimal places.) Times interest earned q. Compute the debt-to-equity ratio for Year 2. (Round your answer to 2 decimal places. e.g. 0.1234- 0.12) Debt-to-equity ratio
