TB Problem Qu. 15-257 Hyrkas Corporation's most recent balance ...Version 2 Year 1 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 2 Assets Current assets: Cash $ 200 Accounts receivable, net 320 Inventory 290 Prepaid expenses 20 Total current assets 830 plant and equipment, net 1,060 Total assets $1,890 290 340 260 20 910 1.140 $2,050 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, 52 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 260 sa 40 350 250 600 290 50 48 380 420 800 200 200 330 750 1,290 $1,890 330 720 1.250 $2,050 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 (384) Net income $1,450 910 540 435 105 20 85 26 $ 59 Dividends on common stock during Year 2 totaled $19 thousand. The market price of common stock at the end of Year 2 was $9.90 per share (Hint: Number of common shares outstanding = Common stock + Par value) 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. Return on equity. (Round your "Percentage" answer to 2 decimal places.) d. Working capital. (Input your answer in thousands of dollars.) e. Current ratio. (Round your answer to 2 decimal places.) f. Inventory turnover. (Round your answer to 2 decimal places. I 9. Average sale period. (Use 365 days in a year. Do not round Intermediate calculations. Round your answer to 1 decimal place.) h. Debt-to-equity ratio. (Round your answer to 2 decimal places.) Mint Number of common shares outstanding = Common stock + Par value) 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. Return on equity. (Round your "Percentage" answer to 2 decimal places.) d. Working capital. (Input your answer in thousands of dollars.) e. Current ratio. (Round your answer to 2 decimal places.) f. Inventory turnover. (Round your answer to 2 decimal places.) 9. Average sale period. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 1 decimal place.) h. Debt-to-equity ratio. (Round your answer to 2 decimal places.) % % a. Gross margin percentage b. Earnings per share c. Return on equity d. Working capital e. Current ratio f. Inventory turnover 9. Average sale period h Debt-to-equity ratio days