Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets $ 230 380 350 28 989 1,240 $2,220 350 400 320 20 1,090 1,380 $2,47 $ 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, $2 par value Additional paid-in capital Retained earnings 320 5e 40 410 310 720 $ 35e 50 40 440 540 980 200 330 200 330 960 970 418 310 720 448 540 989 Total current IITLES Bonds payable Total liabilities Stockholders' equity: Common stock, $2 par value Additional paid in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 289 330 979 1,500 $2,220 200 330 960 1,490 $8,470 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 $1,580 1.010 570 495 75 20 55 17 5 Dividends on common stock during Year 2 totaled 528 thousand, The market price of common stock at the end of Year 2 was $8.10 per share Dividends on cor STOCK uning real Zodieu zo sana. Temer price or CTO SIX den oraz was 360 Help Save & per share Required: Compute the following for Year 2: a. Gross margin percentage (Round your answer to 1 decimal place.) b. Earnings per share. (Round your answer to 2 decimal places.) c Price earnings 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" onswer to 2 decimal places.) g. 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.) 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.) 9. Debt-to-equity 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 c. Price-earnings ratio d. Dividend payout ratio e Dividend yield ratio f. Return on total assets 9. Return on equity h. Book value per share 1. Working capital Current ratio k. Acid-test ratio L Accounts receivable turnover m. Average collection period n. Inventory turnover 0. Average sale period p. Times interest eamed ratio 9. Debt-to-equity ratio days days
