Question
May I get help with this Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year
May I get help with this Hyrkas Corporation's most recent balance sheet and income statement appear below:
Balance Sheet | ||
December 31, Year 2 and Year 1 | ||
(in thousands of dollars) | ||
Year 2 | Year 1 | |
Assets | ||
Current assets: | ||
Cash | $ 190 | $ 270 |
Accounts receivable, net | 300 | 320 |
Inventory | 270 | 240 |
Prepaid expenses | 20 | 20 |
Total current assets | 780 | 850 |
Plant and equipment, net | 1,000 | 1,060 |
Total assets | $ 1,780 | $ 1,910 |
Liabilities and Stockholders' Equity | ||
Current liabilities: | ||
Accounts payable | $ 240 | $ 270 |
Accrued liabilities | 50 | 50 |
Notes payable, short term | 40 | 40 |
Total current liabilities | 330 | 360 |
Bonds payable | 230 | 360 |
Total liabilities | 560 | 720 |
Stockholders' equity: | ||
Common stock, $2 par value | 200 | 200 |
Additional paid-in capital | 330 | 330 |
Retained earnings | 690 | 660 |
Total stockholders' equity | 1,220 | 1,190 |
Total liabilities & stockholders' equity | $ 1,780 | $ 1,910 |
Income Statement | |
For the Year Ended December 31, Year 2 | |
(in thousands of dollars) | |
Sales (all on account) | $ 1,340 |
Cost of goods sold | 840 |
Gross margin | 500 |
Selling and administrative expense | 415 |
Net operating income | 85 |
Interest expense | 20 |
Net income before taxes | 65 |
Income taxes (30%) | 20 |
Net income | $ 45 |
Dividends on common stock during Year 2 totaled $15 thousand. The market price of common stock at the end of Year 2 was $16.30 per share.
Required:
Compute the following for Year 2:
a. Gross margin percentage.(Round your answer to 1 decimal place.)
b. Earnings per share.(Round your answer to 2 decimal places.)
c. Price-earnings ratio.(Do not round intermediate calculations. Round your answer to 1 decimal place.)
d. Dividend payout ratio.(Do not round intermediate calculations. Round your "Percentage" answer to 1 decimal place.)
e. Dividend yield ratio.(Round your "Percentage" answer to 2 decimal places.)
f. Return on total assets.(Do not round intermediate calculations. Round your "Percentage" answer to 2 decimal places.)
g. Return on equity.(Round your "Percentage" answer to 2 decimal places.)
h. Book value per share.(Round your answer to 2 decimal places.)
i. Working capital.(Input your answer in thousands of dollars.)
j. Current ratio.(Round your answer to 2 decimal places.)
k. Acid-test (quick) ratio.(Round your answer to 2 decimal places.)
l. 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.)
q. Debt-to-equity ratio.(Round your answer to 2 decimal places.)
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