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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

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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 2 Year 1 Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets $ 250 420 390 20 1,080 1,360 $2,440 $ 390 440 360 20 1,210 1,540 $2,750 es $ 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, 52 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 360 50 40 450 350 800 $ 390 50 40 480 635 1,115 200 330 1, 110 1,640 $2,440 200 330 1,105 1,635 $2,750 Dividends on common stock during Year 2 totaled $9 thousand. The market price of common stock at the end of Year 2 was $3.00 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. Return on cquity. (Round your "Percentage" answer to 2 decimal places.) d. Working capital. (Input your answer in thousands of dollars.) c. Current ratio. (Round your answer to 2 decimal places.) L. Inventory turnover (Round your answer to 2 decimal places) Average sale period. (Use 365 days in a year. Do not round Intermediate calculations. Round your answer to 1 decimal place.) b. Debt-to-equity ratio. (Round your answer to 2 decimal places.) a. Gross margin percentage b. Earnings por share cReturn on equity 352% 0.14 % 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 $1,620 1,050 570 530 40 20 20 6 14 $ Dividends on common stock during Year 2 totaled $9 thousand. The ma share

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