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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

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

$

180

$

250

Accounts receivable, net

280

300

Inventory

250

220

Prepaid expenses

20

20

Total current assets

730

790

Plant and equipment, net

940

980

Total assets

$

1,670

$

1,770

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$

220

$

250

Accrued liabilities

50

50

Notes payable, short term

40

40

Total current liabilities

310

340

Bonds payable

210

300

Total liabilities

520

640

Stockholders equity:

Common stock, $2 par value

200

200

Additional paid-in capital

330

330

Retained earnings

620

600

Total stockholders equity

1,150

1,130

Total liabilities & stockholders equity

$

1,670

$

1,770

Income Statement

For the Year Ended December 31, Year 2

(in thousands of dollars)

Sales (all on account)

$

1,320

Cost of goods sold

820

Gross margin

500

Selling and administrative expense

395

Net operating income

105

Interest expense

20

Net income before taxes

85

Income taxes (30%)

26

Net income

$

59

Dividends on common stock during Year 2 totaled $39 thousand. The market price of common stock at the end of Year 2 was $14.40 per share.

Required: (Please help with g-q. I have solutions to a-f. Thank you.

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.)

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.)

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.)

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 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.)

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