Classic Vinyl Limited is a record wholesaler selling new and used vinyl records to record stores and antique shops throughout Canada. The company's comparative financial statements for the fiscal year ending December 31 appear below. The company did not issue any new common or preferred shares during the year. A total of 600,000 common shares were outstanding. The interest rate on the bond payable was 5%, the income tax rate was 30%, and the dividend per common share was $1.25. The market value of the company's common shares at the end of the year was $150. All of the company's sales are on account:

CLASSIC VINYL LIMITED

Comparative Balance Sheet

(Dollars in thousands)

CLASSIC VINYL LIMITED
Comparative Income Statement and Reconciliation of Retained Earnings
(Dollars in thousands)

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

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This Year Last Year Assets Current assets: $ 2,160 18,000 24,000 1,200 45,360 $ 2420 11,000 18,720 1,000 33,140 Cash..... Accounts receivable, net Inventory.. Prepaid expenses. Total current assets Property and equipment: Land.... Buildings and equipment, net. Total property and equipment.. Total assets.... 18,000 73,600 91,600 $136,960 18,000 76,000 94,000 $ 127,140 Liabilities and Shareholders' Equity Current liabilities: Accounts payable. Accrued payables. Notes payable, short term. Total current liablities.. Long term liabilities: Bonds payable $ 37,000 1,800 $34,800 1,400 200 36,400 38,800 16,000 54,800 16,000 52,400 Total liabilities.. Shareholders' equity: Preferred shares.. Common shares.. Total paid-in capital.. Retained eamings. Total shareholders' equity . Total liabilities and shareholders' equity.. 2,000 12,000 2,000 12,000 14,000 68160 14,000 60,740 82160 $136,960 74,740 $ 127,140