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 $ 250 $ 390

Accounts receivable, net 420 440

Inventory 390 360

Prepaid expenses 20 20

Total current assets 1,080 1,210

Plant and equipment, net 1,360 1,540

Total assets $ 2,440 $ 2,750

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ 360 $ 390

Accrued liabilities 50 50

Notes payable, short term 40 40

Total current liabilities 450 480

Bonds payable 350 635

Total liabilities 800 1,115

Stockholders equity:

Common stock, $2 par value 200 200

Additional paid-in capital 330 330

Retained earnings 1,110 1,105

Total stockholders equity 1,640 1,635

Total liabilities & stockholders equity $ 2,440 $ 2,750

Income Statement

For the Year Ended December 31, Year 2

(in thousands of dollars)

Sales (all on account) $ 1,620

Cost of goods sold 1,050

Gross margin 570

Selling and administrative expense 530

Net operating income 40

Interest expense 20

Net income before taxes 20

Income taxes (30%) 6

Net income $ 14

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. 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.)

g. Return on equity. (Round your "Percentage" answer to 2 decimal places.)

h. Book value per share. (Round your answer to 2 decimal places.)

i. 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.)

l. 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 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.)

q. Debt-to-equity ratio. (Round your answer to 2 decimal places.)

Probably wrong on most of them.

Hyrkas Corporation's most recent balance sheet and income statement appear below! Balance Sheet December 31, Year 2 nd Year 1 (in thousands of dollars) Year 2 Year 1 Assets 250 429 390 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets 20 1,880 1,360 $2,440 $ 390 440 360 20 1,210 1,540 $2,750 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 33e 1,110 1,640 $2,440 200 330 1,105 1,635 $2,750 Income Statement For the Year Ended Decembe 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 (ON) Net income $1,620 1,05 520 20 50 20 20 6 $ 14 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. d. Earnings per share (Round your answer to 2 decimal places.) 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 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) g. Return on equity (Round your "Percentage" answer to 2 decimal places.) h Book value per share (Round your answer to 2 decimal places.) Working capital . Input your answer in thousands of dollars.) Current ratio (Round your answer to 2 decimal places.) k Acid test (quick ratio (Round your answer to 2 decimal places) 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.) 9 Debt-to-equity ratio. (Round your answer to 2 decimal places.) a Gross margin percentage 1. Earings per share Price earnings ratio d. Dividend payout ratio 0. Dividend yield ratio Return on total assets 9. Return on equity n Book value per share Worlong capital Current ratio K Acid-test ratio Accounts receivable tumover m Average collection period n Inventory turnover 0 Average sale period Times interest earned ratio Detto equity ratio 352 0.14 214 5431 3.00 0.54 0.85 16.40 630 2.40 1.49 96, 9 days 2.80 130 4 anys 2.00 0.49