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 $ Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets 220 270 199 $ 165 250 220 20 655 850 $1,585 2e 700 860 $1,560 Equity 190 $ 220 5e 310 Liabilities and Stockholders 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 180 210 520 200 330 200 330 510 1.045 $1,505 1,040 $1,560 Income Statenent 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%) Het income 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.) 1. Return on total assets. (Do not round intermediate calculations. Round your "Percentage" answer 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.) i. 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 earnings ratio Id. Dividend payout ratio Le Dividend yield ratio Return on total assets ig Return on equity Ih Book value per share Working capital Current ratio days E Acid-test ratio Accounts receivable turnover m. Average collection period in Inventory turnover o. Average sale period p Times interesteamed ratio Debt-to-equity ratio days 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 $ Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets 220 270 199 $ 165 250 220 20 655 850 $1,585 2e 700 860 $1,560 Equity 190 $ 220 5e 310 Liabilities and Stockholders 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 180 210 520 200 330 200 330 510 1.045 $1,505 1,040 $1,560 Income Statenent 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%) Het income 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.) 1. Return on total assets. (Do not round intermediate calculations. Round your "Percentage" answer 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.) i. 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 earnings ratio Id. Dividend payout ratio Le Dividend yield ratio Return on total assets ig Return on equity Ih Book value per share Working capital Current ratio days E Acid-test ratio Accounts receivable turnover m. Average collection period in Inventory turnover o. Average sale period p Times interesteamed ratio Debt-to-equity ratio days
