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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 $ 200 $ 210
Accounts receivable 310 320
Inventory 210 200
Prepaid expenses 25 25

Total current assets 745 755
Plant and equipment, net 980 960

Total assets $ 1,725 $ 1,715

Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ 260 $ 250
Accrued liabilities 150 150
Notes payable, short term 200 210

Total current liabilities 610 610
Bonds payable 290 340

Total liabilities 900 950

Stockholders' equity:
Common stock, $1 par value 100 100
Additional paid-in capital--common stock 110 110
Retained earnings 615 555

Total stockholders' equity 825 765

Total liabilities and stockholders' equity $ 1,725 $ 1,715

Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars)
Sales (all on account) $ 1,470
Cost of goods sold 864

Gross margin 606
Selling and administrative expenses 361

Net operating income 245
Interest expense 45

Net income before taxes 200
Income taxes (30%) 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 $9.50 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. (Input your answer in thousands of dollars, e.g. $100,000 is 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)

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