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

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Os Hyrkas Corporation S Most Recent Balance Sheet And Income Statement Appear Below Balance Sheet December 31 Year 2 A 1 (33.88 KiB) Viewed 26 times

Os Hyrkas Corporation S Most Recent Balance Sheet And Income Statement Appear Below Balance Sheet December 31 Year 2 A 2 (33.71 KiB) Viewed 26 times

os 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 $ 185 Accounts receivable, net 290 Inventory 260 Prepaid expenses 20 Total current assets 755 Plant and equipment, net 970 Total assets $1,725 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 230 Accrued liabilities 50 40 Notes payable, short term. Total current liabilities. 320 Bonds payable 220 540 Total liabilities Stockholders equity: Common stock, $2 par value 200 330 Additional paid-in capital Retained earnings 655 Total stockholders' equity 1,185 Total liabilities & stockholders' equity $1,725 Year 1 $ 260 310 230 20 820 1,020 $1,840 $ 260 50 40 350 330 680 200 330 630 1,160 $1,840
my work Sales (all on account) $1,330 Cost of goods sold 830 Gross margin 500 405 Selling and administrative expense Net operating income 95 Interest expense 20 Net income before taxes 75 Income taxes (30%) 23 Net income $ 52 Dividends on common stock during Year 2 totaled $27 thousand. The market price of common stock at the end of Year 2 was $16.30 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. 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.) g. 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.) Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars)