Question
Please solve all questions and detail answers CLEARLY Compute the following for Year 2: a. Gross margin percentage. (Round your answer to 1 decimal place.)
Please solve all questions and detail answers CLEARLY
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.)
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 2Year 1 Asset8 Current assets Cash $ 170$230 260 Accounts receivable, net Inventory Prepaid expensea Total current assets Plant and equipment, net 280 230 200 20 20 680 730 880 900 $1,560$1,630 Total assets Liabilities and Stockholders Equity Current liabilities: $ 200 230 Accounte payable Accrued lisbilities 50 peyable, short term Total current liabilitiee Notes 4 0 4 0 290 320 Bonda payable Total liabilities 190 240 480 560 Stockhalders' equity: Common stock, $2 par value Additional paid-in capital Retained earnings Total stockholders' equity 200 200 330 330 540 550 ,D80 1,070 Total liabilities &stockholders equity $1,560 1, 630 Incoce Stateuent For the Year Ended December 31, Year 2 (in thousands of dollars) Salea (all on account) Cost of gooda sold Gross margin Selling and administrative expense Net operating incamee Interest expcnsc Net income before taxe:e 51,240 770 375 95 20 75 Income taxes (30) 23 Net income S 52 Divldends on common stock during Year 2 totaled $42 thousand. The market price of common stock at the end of Year 2 was $17.90 per shareStep by Step Solution
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