questions a-d

Year 1 Hyrkas Corporation's most recent balance sheet and income statement appear below: Enter your search term December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Assets Current assets: Cash $ 235 Accounts receivable, net 399 Inventory 360 Prepaid expenses 20 Total current assets 1,095 Plant and equipment, net 1,270 Total assets $ 2,275 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 330 Accrued liabilities 50 Notes payable, short term 40 Total current liabilities 420 Bonds payable 320 Total liabilities 740 Stockholders' equity: Common stock, $2 par value 200 Additional paid-in capital 330 Retained earnings 1,005 Total stockholders' equity 1,535 Total liabilities & stockholders' equity $ 2,275 360 410 330 20 1,129 1,420 $ 2,540 $360 50 40 450 570 1,020 200 330 998 1.520 $ 2,540 ws Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) 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 $ 1,590 1,828 570 505 65 20 45 14 $ 31 Dividends on common stock during Year 2 totaled $16 thousand. The market price of common stock at the end of Year 2 was $12.00 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 plase