Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear below. The company did not issue any new common or preferred stock during the year. A total of 600 thousand shares of common stock were outstanding. The interest rate on the bond payable was 14%, the income tax rate was 40%, and the dividend per share of common stock was $0.75. The market value of the company€™s common stock at the end of the year was $26. All of the company€™s sales are on account.

Required:
Compute the following financial ratios for common stockholders for this year:
1. Gross margin percentage.
2. Earnings per share of common stock.
3. Price-earnings ratio.
4. Dividend payout ratio.
5. Dividend yield ratio.
6. Return on total assets.
7. Return on common stockholders€™ equity.
8. Book value pershare.

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Heritage Antiquing Services Comparative Balance Sheet dollars in thousands) This Year Last Year Current assets: equipment: Land... net Total property and equipment. … Liabilities and Stockholders' Equity $18,500 $17,400 Notes payable, short term Bonds payable . 27,400 26,200 Preferred stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity..$68,480 $65,810 Heritage Antiquing Services Comparative Income Statement and Reconciliation dollars in thousands) This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses $66,000 $64,000 43,000 42,000 23,000 22,000 1,500 11,000 . .7,400 7,000 Selling expenses . Administrative expenses . Total selling and administrative expenses ..18,9018,000 ,100 4.000 Net operating income Interest expense Net income before taxes . Income taxes. Net income Dividends to preferred stockholders Net income remaining for common stockholders. Dividends to common stockholders 800 3,200 1,320 1.280 1,980 1.920 400 1.920 1,520 450 . . .. ...1,4701,070 800 .3,300 3, 60 450 Net income added to retained earnings. Retained earnings, end of year$34,080 $32,610