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Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 3 1 , Year 2 and Year 1 ( in thousands

Hyrkas Corporation's most recent balance sheet and income statement appear below:
Balance Sheet
December
3
1
,
Year
2
and Year
1
(
in thousands of dollars
)
Year
2
Year
1
Assets
Current assets:
Cash $
1
6
5
$
2
2
0
Accounts receivable, net
2
5
0
2
7
0
Inventory
2
2
0
1
9
0
Prepaid expenses
2
0
2
0
Total current assets
6
5
5
7
0
0
Plant and equipment, net
8
5
0
8
6
0
Total assets $
1
,
5
0
5
$
1
,
5
6
0
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $
1
9
0
$
2
2
0
Accrued liabilities
5
0
5
0
Notes payable, short term
4
0
4
0
Total current liabilities
2
8
0
3
1
0
Bonds payable
1
8
0
2
1
0
Total liabilities
4
6
0
5
2
0
Stockholders
equity:
Common stock, $
2
par value
2
0
0
2
0
0
Additional paid
-
in capital
3
3
0
3
3
0
Retained earnings
5
1
5
5
1
0
Total stockholders
equity
1
,
0
4
5
1
,
0
4
0
Total liabilities & stockholders
equity $
1
,
5
0
5
$
1
,
5
6
0
Income Statement
For the Year Ended December
3
1
,
Year
2
(
in thousands of dollars
)
Sales
(
all on account
)
$
1
,
2
3
0
Cost of goods sold
7
6
0
Gross margin
4
7
0
Selling and administrative expense
3
6
5
Net operating income
1
0
5
Interest expense
2
0
Net income before taxes
8
5
Income taxes
(
3
0
%
)
2
6
Net income $
5
9
Dividends on common stock during Year
2
totaled $
5
4
thousand. The market price of common stock at the end of Year
2
was $
1
3
.
3
0
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
3
6
5
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
3
6
5
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.
)

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