Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and

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: Hyrkas Corporation S Most Recent Balance Sheet And Income Statement Appear Below Balance Sheet December 31 Year 2 And 1 (36.54 KiB) Viewed 490 times

: Hyrkas Corporation S Most Recent Balance Sheet And Income Statement Appear Below Balance Sheet December 31 Year 2 And 2 (26.71 KiB) Viewed 490 times

: Hyrkas Corporation S Most Recent Balance Sheet And Income Statement Appear Below Balance Sheet December 31 Year 2 And 3 (46.76 KiB) Viewed 490 times

: Hyrkas Corporation S Most Recent Balance Sheet And Income Statement Appear Below Balance Sheet December 31 Year 2 And 4 (59.86 KiB) Viewed 490 times

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 Accounts receivable, net Inventory Prepaid 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. Tarama Stateme $ 235 390 360 20 1,005 1,270 $ 2,275 $ 330 50 40 420 320 740 200 330 1,005 1,535 $ 2,275 Year 1 $360 410 330 20 1, 120 1,420 $ 2,540 $360 50 40 450 570 1,020 200 330 990 1,520 $ 2,540
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 1,020 570 505 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 place.) e. Dividend yield ratio. (Round your "Percentage" answer to 2 decimal places.) f. Return on total assets. (Do not round intermediate calculations. Round your "Percentage" answer to 2 decimal places.) g. 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) ratio. (Round your answer to 2 decimal places.) 1. Accounts receivable 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.) d. 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.)
a. Gross margin percentage b. Earnings per share c. Price-earnings ratio d. Dividend payout ratio e. Dividend yield ratio f. Return on total assets g. Return on equity h. Book value per share i. Working capital j. Current ratio k. Acid-test ratio 1. Accounts receivable turnover m. Average collection period n. Inventory turnover o. Average sale period p. Times interest earned ratio q. Debt-to-equity ratio % % % do do % % days days