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 $ 140 $ 150 250 260 Inventory Prepaid expenses 140 15 150 15 Total current assets 565 936 555 956 Plant and equipment, net Total assets $1,511 $1,501 Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 200 $ 190 90 140 90 150 Total current liabilities 430 430 Bonds payable 230 280 Total liabilities 660 710 Stockholders' equity: Common stock, $1 par value Additional paid-in capital--common stock Retained earnings 100 100 110 545 110 641 Total stockholders' equity 851 755 Total liabilities and stockholders' equity $1,511 $1,465 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) Cost of goods sold $1,460 870 Gross margin Selling and administrative expenses 590 253 Net operating income Interest expense 337 51 Net income before taxes 286 86 Income taxes (30%) $ 200 Net income Dividends on common stock during Year 2 totaled $80 thousand. The market price of common stock at the end of Year 2 was $9.30 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 40.4% 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 you answer to one decimal place.) Price-earnings ratio d. Compute the dividend payout ratio for Year 2. (Do not round intermediate calculations. Round