Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year I (in thousands of dollars) Assets Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses es Total current assets Plant and equipment, net Total assets $ 185 $ 260 290 310 260 230 20 20 755 820 970 1,020 $1,725 $1,840 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 230 $ 260 Accrued liabilities 50 50 Notes payable, short term Total current liabilities. Bonds payable Total liabilities Stockholders' equity: 40 40 320 350 220 330 540 680 Common stock, $2 par value 200 200 Additional paid-in capital 330 330 Retained earnings 655 630 Total stockholders' equity 1,185 1,160 Total liabilities & stockholders' equity $1,725 $1,840 aces 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 $1,330 830 500 405 95 20 75 23 $ 52 Dividends on common stock during Year 2 totaled $27 thousand, The market price of common stock at the end of Year 2 was $16.30 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. Return on equity. (Round your "Percentage" answer to 2 decimal places.) d. Working capital. (Input your answer in thousands of dollars.) e. Current ratio. (Round your answer to 2 decimal places.) f. Inventory turnover. (Round your answer to 2 decimal places.) g. Average sale period. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 1 decimal place.) h. Debt-to-equity ratio. (Round your answer to 2 decimal places.) inces a. Gross margin percentage b. Earnings per share c. Return on equity d. Working capital e. Current ratio f. Inventory turnover g. Average sale period h. Debt-to-equity ratio 37.6 % 0.52 % 35 days