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 Accounts receivable, net Inventory Prepaid expenses Total current assets plant and equipment, net Total assets $ 215 350 320 20 905 1,150 $2,055 $ 320 370 290 20 1,000 1,260 $2,260 $ $ Liabilities and stockholders' quity Current liabilities Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock, 92 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 290 50 40 380 280 660 320 50 40 410 470 880 200 330 865 1,395 $2,055 200 330 050 $2,260 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 taxee Income taxes (305) Net income $1,550 980 570 465 105 20 B5 26 5 59 Dividends on common stock during Year 2 totaled $44 thousand. The market price of common stock at the end of Year 2 was $13.00 per share 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.) t. 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.) 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.) o Average sole 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.) 4. Debt-to-equity ratio. (Round your answer to 2 decimal places.) es % % % % a. Gross margin percentage b. Earnings per share c. Price-earnings ratio d. Dividend payout ratio 0. Dividend yield ratio Return on total assets 9. Return on equity n. Book value por share Working capital 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 9. Debt-to-equity ratio days days
