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k-q questions Hyrkas Corporation's most recent balance sheet and Income statement appear below: Balance Sheet December 31, Year 2 nd Year 1 in thousands of

k-q questions
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Hyrkas Corporation's most recent balance sheet and Income statement appear below: Balance Sheet December 31, Year 2 nd Year 1 in thousands of dollar Enter your search term Year 1 Assets Current assets Cash $ 235 3 360 Accounts receivable, het 390 410 Inventory 360 3.30 Prepaid expenses 20 20 Total current assets Plant and equipment, net 1.es 1120 11270 1,420 Total assets $ 2275 5.2.540 Liabilities and Stockholders Equity current liabilities Accounts payable 3210 $360 Acerved liabilities DO Nutes payable, short term Total current abilities 420 45e Bonds payable 32 20 Total abilities 740 X.020 Stockholders' equity! Comon stock $2 par Value 200 Additional pidin kapital 22 Retained earnings 1:03 998 Total stockholde uity Total i stockholderity $3273 2 200 90 That For the De Canthin do S no count Cost of goods No GOS Sen dentras Netting in Te pense Net Indo Nunc 50 14 Dividends on common stock during Year 2 totaled $16 thousand. The market price of common stock at the end of Year 2 was $12.00 per share 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 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.) a Debt-to-equity ratio (Round your answer to 2 decimal places

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