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) Assets Year 2 Year 1 Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets $ 200 320 290 20 5 290 140 250 20 910 1.140 $2.050 1.960 51,090 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total Habilities Stockholders equity! Connon stock, $2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 260 50 40 350 250 600 $ 290 50 40 380 $20 800 200 3.30 760 1,290 $3,890 200 330 720 1,250 $2,050 Income Statement For the Year Ended December 31, Year 2 tin thousands of dollars) Sales all on account) Cout of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net Income before taxes Income taxes (305) Net income $1,450 910 540 435 105 20 85 26 5 59 Dividends on common stock during Year 2 totaled $19 thousand. The market price of common stock at the end of Year 2 was $9.90 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-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 Roal wala nar charo Duanwort darimanase Dividends on common stock during Year 2 totaled $19 thousand. The market price of common stock at the end of Year 2 was $9.90 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-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.) 9. Return on equity. (Round your "Percentage" answer to 2 decimal places.) n. 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.) 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.) 9. Debt-to-equity ratio. (Round your answer to 2 decimal places.) 3721% 0.59 16.8 1.9% 32.30% 5.33% % a. Gross margin percentage b. Earnings per share c. Price-earnings ratio d. Dividend payout ratio e. Dividend yield ratio 1. Return on total assets g. Return on equity h Book value per share Working capital 1. Current ratio K Acid-test ratio 1 Accounts receivable turnover m. Average collection period n. Inventory turnover o. Average sale period P: Times interest eamed ratio 9 Debt-to-equity ratio days days
