Hyrkas Corporation's most recent balance sheet and income statement appear below: Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Asset: Current assets: Cash Accounts receivable Inventory Prepaid expenses $ 150 $ 160 260 270 160 150 20 20 Total current assets Plant and equipment, net 590 975 600 955 Total assets $1,565 $1,555 Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 210 $ 200 100 100 150 160 Total current liabilities Bonds payable 460 240 460 290 Total liabilities 700 750 Stockholders' equity Common stock, $1 par value Additional paid-in capital--common stock Retained earnings 100 110 655 100 110 570 Total stockholders' equity 865 780 Total liabilities and stockholders' equity $1,565 $1,530 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $1,380 Cost of goods sold 855 Gross margin Selling and administrative expenses 525 232 Net operating income Interest expense 293 36 257 Net income before taxes Income taxes (30%) 77 Net income $ 180 Dividends on common stock during Year 2 totaled $70 thousand. The market price of common stock at the end of Year 2 was $9.41 per share. Required: a. Compute the gross margin percentage for Year 2. (Round your answer to one decimal place. e.g. 0.1234 = 12.3%.) Gross margin percentage b. Compute the earnings per share of common stock) for Year 2. (Round your answer to 2 decimal places.) Earnings per share c. Compute the price-earnings ratio for Year 2. (Do not round intermediate calculations. Round your answer to one decimal place.) Price-earnings ratio d. Compute the dividend payout ratio for Year 2. (Do not round intermediate calculations. Round your answer to one decimal place. e.g. 0.1234 = 12.3%.) Dividend payout ratio e. Compute the dividend yield ratio for Year 2. (Round your answer to 2 decimal places. e.g. 0.1234 = 12.34%.) Dividend yield ratio f. Compute the return on total assets for Year 2. (Do not round intermediate calculations. Round your answer to 2 decimal places. e.g. 0.1234 = 12.34%.) Return on total assets g. Compute the return on common stockholders' equity for Year 2. (Round your answer to 2 decimal places. e.g. 0.1234 = 12.34%.) Return on common stockholders' equity h. Compute the book value per share for Year 2. (Round your answer to 2 decimal places.) Book value per share i. Compute the working capital for Year 2. (Input your answer in thousands of dollars, e.g. $100,000 is 100.) Working capital
