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 $ 160 $ 170 Accounts receivable 270 280 Inventory 170 160 Prepaid expenses 25 25 Total current assets 625 635 Plant and equipment, net 954 934 Total assets $ 1,579 $ 1,569 Liabilities and stockholders' equity: Current liabilities: Accounts payable $ 220 $ 210 Accrued liabilities 110 110 Notes payable, short term 160 170 Total current liabilities 490 490 Bonds payable 250 300 Total liabilities 740 790 Stockholders' equity: Preferred stock, $100 par value, 10% 260 260 Common stock, $1 par value 100 100 Additional paid-in capital--common stock 110 110 Retained earnings 369 295 Total stockholders' equity 839 765 Total liabilities and stockholders' equity $ 1,579 $ 1,555 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $ 1,480 Cost of goods sold 868 Gross margin 612 Selling and administrative expenses 334 Net operating income 278 Interest expense 49 Net income before taxes 229 Income taxes (30%) 69 Net income $ 160 Dividends on common stock during Year 2 totaled $60 thousand. The market price of common stock at the end of Year 2 was $9.32 per share. Required: a. Compute the gross margin percentage for Year 2. (Round your answer to 1 decimal place. Omit the "%" sign in your response.) Gross margin percentage % b. Compute the earnings per share (of common stock) for Year 2.(Round your answer to 2 decimal places. Omit the "$" 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