Hyrkas Corporation's most recent balance sheet and income statement appear below: Year 2 Year 1 $ 210 260 180 $ 160 240 210 20 630 820 $ 1,450 20 670 820 $ 1,490 Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets 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 Total stockholders' equity Total liabilities & stockholders' equity $ 180 50 40 270 170 440 $ 210 50 40 300 200 500 200 330 480 1,010 $ 1,450 200 330 460 990 $ 1,490 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 $ 1,220 750 470 355 115 20 95 29 $ 66 Dividends on common stock during Year 2 totaled $46 thousand. The market price of common stock at the end of Year 2 was $17.30 per share. 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.) f. 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.) 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.) 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.) 0. 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.) 38.5 % 0.66 26.2. 69.7% 2.66% 4.49% 6.60% 10.10 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 g. Return on equity h. Book value per share i. Working capital j. Current ratio k. Acid-test ratio 1. Accounts receivable turnover m. Average collection period n. Inventory turnover o. Average sale period p. Times interest earned ratio q. Debt-to-equity ratio 360 2.33 1.48 4.88 74.8 days 195.00 days