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 $ 310 360 280 Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets $ 210 340 310 20 880 1,120 $2,000 20 970 1,220 $2,190 $ Liabilities and Stockholders. Equity Current liabilities: Accounts payable Accrued Habilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $2 par value Additional paid in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity $ 280 50 40 370 270 640 310 50 40 400 440 840 200 330 830 1,360 $2,800 200 330 820 1,350 $2,190 Help bove For the Year Ended December 11, Year tin thunds of dolls 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 $1,490 940 550 455 95 75 23 $ Dividends on common stock during Year 2 totaled $42 thousand. The market price of common stock at the end of Year 2 was $11.20 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 earrings ratio (Do not found 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 ratlo. (Round your "Percentage answer to 2 decimal places.) 1. Return on total assets. (Do nor 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.) 1. 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.) 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 plec e Dividend yield ratio (Round your "Percentage" answer to 2 decimal places.) f. Return on total assets. (Do not round intermediate calculations. Round your "Percentage" answer to 2 decimal plac g. Return on equity. (Round your "Percentage" answer to 2 decimal places.) h. Book value per share. (Round your answer to 2 decimal places.) L 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.) L 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 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 decim 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 c. Price-eamings ratio d. Dividend payout ratio e Dividend yield ratio Return on total assets 95 % %
