TB Problem Qu. 14-234 (Algo) Hyrkas Corporation's most recent balance... 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) Assets Current assets: Cash. Accounts receivable, net Inventory Prepald expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, \$2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities \& stockholders' equity Year 2 Year 1 \begin{tabular}{rr} $195 & $280 \\ 310 & 330 \\ 280 & 250 \\ 20 & 20 \\ \hline 805 & 880 \\ 1,030 & 1,100 \\ \hline$1,835 & $1,980 \\ \hline \end{tabular} \begin{tabular}{rr} $250 & $280 \\ 50 & 50 \\ 40 & 40 \\ \hline 340 & 370 \\ 240 & 390 \\ \hline 580 & 760 \\ \hline 200 & 200 \\ 330 & 330 \\ 725 & 690 \\ \hline 1,255 & 1,220 \\ \hline$1,835 & $1,980 \\ \hline \end{tabular} Incoine Statement Yor the Xear Ended December 31, Year 2 (in thousands of dollara) Sales (all on account) Cost of goods wold Gross margin Seliing and administrative expense Net operating income Intereat expense Net income before taxes Income taxes (301) Net income Dividends on common stock during Year 2 totaled $24 thousand. The market price of common stock at the end of Year 2 was $16.60 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. Retum 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.) 1. Current ratio. (Round your answer to 2 decimal places.) k. Acid-test (quick) rotio, (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.) 0. 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.) TB Problem Qu. 14-234 (Algo) Hyrkas Corporation's most recent balance... 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) Assets Current assets: Cash. Accounts receivable, net Inventory Prepald expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, \$2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities \& stockholders' equity Year 2 Year 1 \begin{tabular}{rr} $195 & $280 \\ 310 & 330 \\ 280 & 250 \\ 20 & 20 \\ \hline 805 & 880 \\ 1,030 & 1,100 \\ \hline$1,835 & $1,980 \\ \hline \end{tabular} \begin{tabular}{rr} $250 & $280 \\ 50 & 50 \\ 40 & 40 \\ \hline 340 & 370 \\ 240 & 390 \\ \hline 580 & 760 \\ \hline 200 & 200 \\ 330 & 330 \\ 725 & 690 \\ \hline 1,255 & 1,220 \\ \hline$1,835 & $1,980 \\ \hline \end{tabular} Incoine Statement Yor the Xear Ended December 31, Year 2 (in thousands of dollara) Sales (all on account) Cost of goods wold Gross margin Seliing and administrative expense Net operating income Intereat expense Net income before taxes Income taxes (301) Net income Dividends on common stock during Year 2 totaled $24 thousand. The market price of common stock at the end of Year 2 was $16.60 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. Retum 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.) 1. Current ratio. (Round your answer to 2 decimal places.) k. Acid-test (quick) rotio, (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.) 0. 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.)
