Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets Cash Php 320 Php 180 Accounts receivable 220 240 Inventory 140 130 Prepaid expenses 20 20 Total current assets 700 570 Plant and equipment, net 860 920 Total assets Php1,560 Php1,490 Liabilities and Stockholders Equity Current liabilities Accounts payable Php 200 Php 170 Accrued liabilities 80 80 Notes payable, short term 40 40 Total current liabilities 320 290 Bonds payable 210 220 Total liabilities 530 510 Stockholders equity Preferred stock, Php100 par value, 5 100 100 Common stock, Php1 par value 100 100 Additional paid in capitalcommon stock 150 150 Retained earnings 680 630 Total stockholders equity 1,030 980 Total liabilities stockholders equity Php1,560 Php1,490 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) Php1,220 Cost of goods sold 790 Gross margin 430 Selling and administrative expense 268 Net operating income 162 Interest expense 26 Net income before taxes 136 Income taxes (30 ) 41 Net income Php 95 Dividends on common stock during Year 2 totaled Php40 thousand Dividends on preferred stock totaled Php5 thousand The market price of common stock at the end of Year 2 was Php12 87 per share Required Compute the following for Year 2 a Gross margin percentage b Earnings per share (of common stock) c Price earnings ratio d Dividend payout ratio e Dividend yield ratio f Return on total assets g Return on common stockholders' equity h Book value per share i Working capital j Current ratio k Acid test ratio l Accounts receivable turnover m Average collection period n Inventory turnover o Average sale period p Times interest earned q Debt to equity ratio Set of December deleine Phone 4 Casamarble 350 S quileres Tault Mantamento 21 Me Marie Nepal, handle There in 210 13 Telech Taal Copy IS For your select here Call Selling and the per Net operating Ini Net 1998489491 Dvdelen Yowed path of which prelere divided Theme Rail ang phuc comme b C Dvide you d De e Kuten eta Marcity 1 Acolle need p

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Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets: Cash Php 320

Statement of Financial Position

December 31, Year 2 and Year 1

(in thousands of dollars)

Year 2

Year 1

Assets

Current assets:

Cash

Php 320

Php 180

Accounts receivable

220

240

Inventory

140

130

Prepaid expenses

Total current assets

700

570

Plant and equipment, net

860

920

Total assets

Php1,560

Php1,490

Liabilities and Stockholders Equity

Current liabilities:

Accounts payable

Php 200

Php 170

Accrued liabilities

Notes payable, short term

Total current liabilities

320

290

Bonds payable

210

220

Total liabilities

530

510

Stockholders equity:

Preferred stock, Php100 par value, 5%

100

Common stock, Php1 par value

100

Additional paid-in capitalcommon stock

150

Retained earnings

680

630

Total stockholders equity

1,030

980

Total liabilities & stockholders equity

Php1,560

Php1,490

Income Statement

For the Year Ended December 31, Year 2

(in thousands of dollars)

Sales (all on account)

Php1,220

Cost of goods sold

790

Gross margin

430

Selling and administrative expense

268

Net operating income

162

Interest expense

Net income before taxes

136

Income taxes (30%)

Net income

Php 95

Dividends on common stock during Year 2 totaled Php40 thousand. Dividends on preferred stock totaled Php5 thousand. The market price of common stock at the end of Year 2 was Php12.87 per share.

Required:

Compute the following for Year 2:

a. Gross margin percentage.

b. Earnings per share (of common stock).

c. Price-earnings ratio.

d. Dividend payout ratio.

e. Dividend yield ratio.

f. Return on total assets.

g. Return on common stockholders' equity.

h. Book value per share.

i. Working capital.

j. Current ratio.

k. Acid-test ratio.

l. Accounts receivable turnover.

m. Average collection period.

n. Inventory turnover.

o. Average sale period.

p. Times interest earned.

q. Debt-to-equity ratio.

Set of December deleine Phone 4 Casamarble 350 S quileres Tault Mantamento 21 Me Marie Nepal, handle There in 210 13 Telech Taal & Copy IS For your select here Call Selling and the per Net operating Ini Net 1998489491 Dvdelen Yowed path of which prelere divided Theme Rail ang phuc comme b. C. Dvide you d. De e. Kuten eta Marcity 1. Acolle need p