Lundberg 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
Assets
Current assets:
Cash	$	100		$	110
Accounts receivable		210			220
Inventory		110			120
Prepaid expenses		10			10
Total current assets		430			460
Plant and equipment, net		900			880
Total assets	$	1,330		$	1,340
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	160		$	170
Accrued liabilities		50			50
Notes payable, short term		100			90
Total current liabilities		310			310
Bonds payable		190			240
Total liabilities		500			550
Stockholders' equity:
Preferred stock, $100 par value, 10%		200			200
Common stock, $1 par value		100			100
Additional paid-in capital--common stock		110			110
Retained earnings		420			380
Total stockholders' equity		830			790
Total liabilities & stockholders' equity	$	1,330		$	1,340

Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars)
Sales (all on account)		$	1,330
Cost of goods sold			850
Gross margin			480
Selling and administrative expense			292
Net operating income			188
Interest expense			31
Net income before taxes			157
Income taxes (30%)			47
Net income		$	110

Dividends on common stock during Year 2 totaled $50 thousand. Dividends on preferred stock totaled $20 thousand. The market price of common stock at the end of Year 2 was $9.36 per share.

Required:

Compute the following for Year 2:

a.	Gross margin percentage. (Round your answer to 1 decimal place.)

Gross margin percentage

%

b.	Earnings per share of common stock. (Round your answer to 2 decimal places.)

Earnings per share

$

c.	Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.)

Price-earnings ratio

times

d.	Dividend payout ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.)

Dividend payout ratio

%

e.	Dividend yield ratio. (Round your answer to 2 decimal places.)

Dividend yield ratio

%

f.	Return on total assets. (Round your intermediate calculations and final answer to 2 decimal places.)

Return on total assets

%

g.	Return on common stockholders' equity. (Round your answer to 2 decimal places.)

Return on common stockholders' equity

%

h.	Book value per share. (Round your answer to 2 decimal places.)

Book value per share

$

i.	Working capital.

Working captial

$

j.	Current ratio. (Round your answer to 2 decimal places.)

Current ratio

k.	Acid-test ratio. (Round your answer to 2 decimal places.)

Acid-test ratio

l.	Accounts receivable turnover. (Round your answer to 2 decimal places.)

Accounts receivable turnover

m.	Average collection period. (Assume 365 days a year and round your answer to 1 decimal place.)

Average collection period

days

n.	Inventory turnover. (Round your answer to 2 decimal places.)

Inventory turnover

o.	Average sale period. (Assume 365 days a year and round your answer to 1 decimal place.)

Average sale period

days

p.	Times interest earned. (Round your answer to 2 decimal places.)

Times interest earned

q.	Debt-to-equity ratio. (Round your answer to 2 decimal places.)

Debt-to-equity ratio