Lundberg Corporation's most recent balance sheet and income statement appear below:

Statement of Financial Position December 31, Year 2 and Year1 (in thousands of dollars)
	Year 2			Year 1
Assets
Current assets:
Cash	$	420		$	580
Accounts receivable		690			540
Inventory		430			600
Prepaid expenses		170			170
Total current assets		1,710			1,890
Plant and equipment, net		4,230			3,910
Total assets	$	5,940		$	5,800
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	592		$	490
Accrued liabilities		130			210
Notes payable, short term		420			250
Total current liabilities		1,142			950
Bonds payable		590			720
Total liabilities		1,732			1,670
Stockholders' equity:
Preferred stock, $100 par value, 10%		1,750			1,750
Common stock, $1 par value		870			870
Additional paid-in capital--common stock		960			960
Retained earnings		628			550
Total stockholders' equity		4,208			4,130
Total liabilities & stockholders' equity	$	5,940		$	5,800

Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars)
Sales (all on account)		$	7,570
Cost of goods sold			4,930
Gross margin			2,640
Selling and administrative expense			1,610
Net operating income			1,030
Interest expense			47
Net income before taxes			983
Income taxes (30%)			295
Net income		$	688

Dividends on common stock during Year 2 totaled $435 thousand. Dividends on preferred stock totaled $175 thousand. The market price of common stock at the end of Year 2 was $9.68 per share.

Required:

Compute the following for Year 2:

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

Gross margin percentage

%

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

Price-earnings ratio

times

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

Dividend payout ratio

%

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

Dividend yield ratio

%

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

Return on total assets

%

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

Return on common stockholders' equity

%

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

Book value per share

$

h.	Working capital. (Enter answer in thousands of dollars, i.e. 20,000 as 20.)

Working captial

$

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

Current ratio

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

Acid-test ratio

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

Average collection period

days

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

Average sale period

days

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

Times interest earned

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

Debt-to-equity ratio