P 870 P1,400 Assets Current assets: Cash Accounts receivable Inventory... Prepaid expenses Total current assets. Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of pesos) Plant and equipment, net Total assets. Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued liabilities. Notes payable, short term. Total current liabilities Bonds payable.. Total liabilities. Stockholders' equity: Preferred share, P100 par value, 5%... Common share, P1 par value. Additional paid-in capital-common share Retained earnings.. Total shareholders' equity Total liabilities & shareholders' equity Statement of Comprehensive Income For the Year Ended December 31, Year 2 (in thousands of pesos) Sales (all on account). Cost of goods sold Gross margin.......... Selling and administrative expense. Net operating income. Interest expense.. Net income before taxes Income taxes (30%) Net income. P1,370 800 P 570 439 131 100 Dividends on common stock during Year 2 totaled P30 thousand. Dividends on preferred stock totaled P10 thousand. The market price of common stock at the end of Year 2 was P4.86 per share. 19. The gross margin percentage for Year 2 a. 12.3% b. 41.5% 20. The earnings per share of common stock for Year 2 a. P0.60 21. The price-earnings ratio for Year 2 b. P0.70 a. 3.71 b. 4.86 c. 71.3% d. 81. 43% C. P1.00 d. P1.31 c. 6.94 d. 8.10 22. The dividend payout ratio for Year 2 a. 42.9% b. 50.0% c. 66.7% d. 833.3% 23. The dividend yield ratio for Year 2 a. 2.06% b 6.17%. c. 8.23% d. 75.00% 24. The return on total assets for Year 2 a. 4.98% b. 5.00% c. 6.53% d. 6.55% 25. The return on common stockholders' equity for Year 2 a. 6.78% b. 7.91% c. 8.76% d. 10.22% 26. The book value per share at the end of Year 2 a. P0.60 b. P7.00 27. The working capital at the end of Year 2 a. P290,000 c. P9.00 d. P14.00 b. P560,000 c. P840, 000 d. P900,000 28. The current ratio at the end of Year 2 a. 0.36 b. 0.40 c. 0.89 d. 2.07 29. The acid-test ratio at the end of Year 2 a. 1.11 b. 1.21 c. 2.07 d. 1.44 30. The accounts receivable turnover for Year 2 a. 1.14 b. 8.56 c. 9.13 d. 9.78 31. The average collection period for Year 2 a. 30 days b. 37.3 days c. 40.0 days d. 42.6 days. 32. The inventory turnover for Year 2 a. 4.71 b. 4.88 c. 5.00 d. 5.33 b. 73.0 days c. 74.80 days d. 77.5 days 33. The average sale period for Year 2 a. 68.48 days 34. The times interest earned for Year 2 a. 2.26 b. 3.23 35. The debt-to-equity ratio at the end of Year 2 a. 0.26 b. 0.32 c. 4.23 d. 6.04 c. 0.56 d. 0.71