Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help thank you!!! Hyrkas Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $54 thousand.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
please help thank you!!!
Hyrkas Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $54 thousand. The market price of common stock at the end of Year 2 was $13.30 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.) 9. 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.) 1. Accounts recelvable 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.) \begin{tabular}{|l|l|l|} \hline a. Gross margin percentage & & % \\ \hline b. Earnings per share & & \\ \hline c. Price-earnings ratio & & % \\ \hline d. Dividend payout ratio & & % \\ \hline e. Dividend yield ratio & & % \\ \hline f. Return on total assets & & \\ \hline g. Return on equity & & \\ \hline h. Book value per share & & \\ \hline i. Working capital & & \\ \hline j. Current ratio & & \\ \hline k. Acid-test ratio & & \\ \hline 1. Accounts receivable turnover & & \\ \hline m. Average collection period & & \\ \hline n. Inventory turnover & & \\ \hline o. Average sale period & & \\ \hline p. Times interest earned ratio & & \\ \hline q. Debt-to-equity ratio & & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Marketing

Authors: David Brown, Alex Thompson

1st Edition

0367773422, 9780367773427

More Books

Students also viewed these Accounting questions

Question

3. Where is the job to be accomplished?

Answered: 1 week ago