The financial statements of Prank B Robi FRANK B ROBINSON COMPANY Balaace Sheets Decenbr 3 Assets Cash 29,000 25po Accomulated deprecistion Totnl 122 600 Liabilities and Stockbeldess Eity Accouets payable Income taxes payable Bonds payable Common stock Retained earnings Total 5 22000 5330 5,000 27,000 8000 33,000 14000 38,000 $11.00 $122 FRANK B. RORINSON COMPANY For the Year Ended December 31,2002 $220,000 Sales 180,000 Cost of goods sold 40,000 Gross profit Selling expenses Administrative expenses 314,000 10,000 24,000 16,000 2,000 Income from operations Interest expense Income before income taxes 14,000 4,000 Income tax expense $ 10,000 Net income Additional intormation: uctions 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 g. Return on common stockholders' equity h. Book value per share. i. Working capital. j. Current ratio. k. Acid-test ratio . Accounts receivable turnover. m. Average collection period. n. Inventory turnover. o. Average sale period. p. Times interest earned. q. Debt-to-equity ratio. on total assets