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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

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
Asset:
Current assets:
Cash $ 180 $ 190
Accounts receivable 290 300
Inventory 190 180
Prepaid expenses 15 15
Total current assets 675 685
Plant and equipment, net 962 942
Total assets $ 1,637 $ 1,627
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ 240 $ 230
Accrued liabilities 130 130
Notes payable, short term 180 190
Total current liabilities 550 550
Bonds payable 270 320
Total liabilities 820 870
Stockholders' equity:
Preferred stock, $100 par value, 10% 280 280
Common stock, $1 par value 100 100
Additional paid-in capital--common stock 110 110
Retained earnings 327 285
Total stockholders' equity 817 775
Total liabilities and stockholders' equity $ 1,637 $ 1,645

Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars)
Sales (all on account) $ 1,410
Cost of goods sold 858
Gross margin 552
Selling and administrative expenses 370
Net operating income 182
Interest expense 39
Net income before taxes 143
Income taxes (30%) 43
Net income $ 100

Dividends on common stock during Year 2 totaled $30 thousand. The market price of common stock at the end of Year 2 was $9.44 per share.

Required:
a.

Compute the gross margin percentage for Year 2.(Round your answer to 1 decimal place. Omit the "%" sign in your response.)

Gross margin percentage %

b.

Compute the earnings per share (of common stock) for Year 2.(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Earnings per share $

c.

Compute the price-earnings ratio for Year 2.(Do not round intermediate calculations. Round your answer to 1 decimal place.)

Price-earnings ratio

d.

Compute the dividend payout ratio for Year 2.(Do not round intermediate calculations. Round your answer to 1 decimal place. Omit the "%" sign in your response.)

Dividend payout ratio %

e.

Compute the dividend yield ratio for Year 2.(Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Dividend yield ratio %

f.

Compute the return on total assets for Year 2.(Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Return on total assets %

g.

Compute the return on common stockholders' equity for Year 2.(Round your answer to 2 decimal places.Omit the "%" sign in your response.)

Return on common stockholders' equity %

h.

Compute the book value per share for Year 2.(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Book value per share $

i.

Compute the working capital for Year 2.(Input your answer in thousands of dollars. Omit the "$" sign in your response.)

Working capital $

j.

Compute the current ratio for Year 2.(Round your answer to 2 decimal places.)

Current ratio

k. Compute the acid-test ratio for Year 2.(Round your answer to 1 decimal place.)

Acid-test ratio

l. Compute the accounts receivable turnover for Year 2.(Round your answer to 2 decimal places.)

Accounts receivable turnover

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.)

Average collection period days

n.

Compute the inventory turnover for Year 2.(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Inventory turnover $

o.

Compute the average sale period for Year 2.(Use 365 days in a year. Do not round intermediate calculations. Round your answer to 1 decimal place.)

Average sale period days

p.

Compute the times interest earned for Year 2.(Round your answer to 2 decimal places.)

Times interest earned

q.

Compute the debt-to-equity ratio for Year 2.(Round your answer to 2 decimal places.)

Debt-to-equity ratio

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