*Pleases SHOW HOW TO SOLVE this Shull Corporation's most recent balance sheet and income statement appear below: Shull corporation statement of Financial position December 31, Year 2 and Year 1 (dollars in thousands)

Current assets....................................Year 2.....Year 1

Cash................................................$ 180......$ 150

Accounts Receivable.............................200.........190

Inventory............................................140.........140

Prepaid expenses.................................100.........90 =

Total current assets..............................620.........570

Plant & equipment, net..........................780.........800 =

Total assets.....................................$1,400.....$1,370

Current liabilities: Accounts payable................................$ 110......$ 130

Accrued liabilities...................................80..........70

Notes payable, short term.......................60..........60 =

Total current liabilities...........................250.........260

Bonds payable......................................220.........240 =

Total liabilities......................................470.........500

Stockholders' equity: Preferred stock, $100 par value, 5%..........200..........200

Common Stock, $2 par value....................400...........400

Additional paid-in capital--common stock...100...........100

Retained earnings...................................230...........170 =

Total stockholders' equity........................930...........870 =

Total liabilities & stockholders equity......$1,400.......$1,370

Shull Corporation Income Statement For the Year Ended December 31, Year 2 (Dollars in thousands)

Sales (all on account)....................$1,130

Cost of goods sold..........................700 =

Gross margin..................................430

Selling and administrative expense....244 =

Net operating income.......................186

Interest expense.............................29 =

Net income before taxes..................157

Income taxes (30%)........................47 =

Net income..................................$110

Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock total $10 thousand. The market price of common stock at the end of the year 2 was $9.80 per share.

REQUIRED:

Compute the following for Year 2:

1. Gross margin percentage

2. Earnings per share (of common stock)

3. Price-earnings ratio

4. Dividend payout ratio

5. Dividend yield ratio

6. Return on total assets

7. Return on common stockholders equity

8. Book value per share

9. Working capital

10. Current ratio