Question
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
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 $ 110 $ 120 Accounts receivable 220 230 Inventory 120 110 Prepaid expenses 15 15 Total current assets 465 475 Plant and equipment, net 904 884 Total assets $ 1,369 $ 1,359 Liabilities and stockholders' equity: Current liabilities: Accounts payable $ 170 $ 160 Accrued liabilities 60 60 Notes payable, short term 110 120 Total current liabilities 340 340 Bonds payable 195 245 Total liabilities 535 585 Stockholders' equity: Common stock, $1 par value 100 100 Additional paid-in capital--common stock 110 110 Retained earnings 624 570 Total stockholders' equity 834 780 Total liabilities and stockholders' equity $ 1,369 $ 1,365 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $ 1,340 Cost of goods sold 851 Gross margin 489 Selling and administrative expenses 286 Net operating income 203 Interest expense 32 Net income before taxes 171 Income taxes (30%) 51 Net income $ 120 Dividends on common stock during Year 2 totaled $30 thousand. The market price of common stock at the end of Year 2 was $9.37 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%.) b. Compute the earnings per share (of common stock) for Year 2. (Round your answer to 2 decimal places.) c. Compute the price-earnings ratio for Year 2. (Do not round intermediate calculations. Round your answer to one decimal place.) 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%.) e. Compute the dividend yield ratio for Year 2. (Round your answer to 2 decimal places. e.g. 0.1234 = 12.34%.) 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%.) g. Compute the return on common stockholders' equity for Year 2. (Round your answer to 2 decimal places. e.g. 0.1234 = 12.34%.) h. Compute the book value per share for Year 2. (Round your answer to 2 decimal places.) i. Compute the working capital for Year 2. (Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.) j. Compute the current ratio for Year 2. (Round your answer to 2 decimal places.) k. Compute the acid-test ratio for Year 2. (Round your answer to one decimal place.) l. Compute the accounts receivable turnover for Year 2. (Round your answer to 2 decimal places.) 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.) n. Compute the inventory turnover for Year 2. (Round your answer to 2 decimal places.) 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.) p. Compute the times interest earned for Year 2. (Round your answer to 2 decimal places.) q. Compute the debt-to-equity ratio for Year 2. (Round your answer to 2 decimal places. e.g. 0.1234 = 0.12) Need it in 30 minutes please:)
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