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 $ 130 $ 140 240 250 140 130 10 10 Total current assets Plant and equipment, net 520 937 530 917 Total assets $ 1,457 $1,447 Liabilities and stockholders' equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term GA 190 $ 180 80 80 130 140 Total current liabilities Bonds payable 400 220 400 270 Total liabilities 620 670 Stockholders' equity Common stock, S1 par value Additional paid-in capital-common stock Retained earnings 100 110 100 110 560 627 Total stockholders' equity 837 770 Total liabilities and stockholders' equity $ 1,457 $1.440 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $1,360 Cost of goods sold 853 Gross margin Selling and administrative expenses 507 273 Net operating income Interest expense 234 34 Net income before taxes Income taxes (30%) 200 60 Net income $ 140 Dividends on common stock during Year 2 totaled $50 thousand. The market price of common stock at the end of Year 2 was $9.39 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-eamings 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 j. Compute the current ratio for Year 2. (Round your answer to 2 decimal places.) Current ratio k. Compute the acid-test ratio for Year 2 (Round your answer to one decimal place.) Acid-test ratio 1. Compute the accounts receivable turnover for Year 2. (Round your answer to 2 decimal places.) Accounts receivable turnover m. Compute the average collection period for Year 2 (Use 365 days in a year. Do not round intermediate calculations. Round your answer to one decimal place.) Average collection period Days n. Compute the inventory turnover for Year 2. (Round your answer to 2 decimal places.) Inventory turnover o. Compute the average sale period for Year 2. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to one decimal place.) Average sale period Days p. Compute the times interest earned for Year 2. (Round your answer to 2 decimal places.) Times interest earned q. Compute the debt-to-equity ratio for Year 2 (Round your answer to 2 decimal places. e.g. 0.1234 = 0.12) Debt-to-equity ratio
