Do Hyrkas Corporation's most recent balance sheet and Income statement appear below: Current assets: Cash Accounts...

 

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Do Hyrkas Corporation's most recent balance sheet and Income statement appear below: Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Current liabilities: Accounts payable Accrued liabilities Liabilities and stockholders' Equity 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 sales (all on account) cost of goods sold Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Gross margin selling and administrative expense Net operating income Assets Interest expense Net income before taxes Income taxes (30%) Net income Required: Compute the following for Year 2: $ 1,240 770 470 375 95 20 75 23 $ 52 Year 2 $ 170 260 230 20 680 880 $ 1,560 $ 200 50 40 290 190 480 200 330 550 1,080 $ 1,560 Year 1 $ 230 280 200 20 730 900 $ 1,630 $ 230 50 40 320 240 560 200 330 540 1,070 $ 1,630 Dividends on common stock during Year 2 totaled $42 thousand. The market price of common stock at the end of Year 2 was $17.90 per share. 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.) 1. Working capital. (Input your answer in thousands of dollars.) J. 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.) o. 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 % 22 g % % % % days days Do Hyrkas Corporation's most recent balance sheet and Income statement appear below: Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Current liabilities: Accounts payable Accrued liabilities Liabilities and stockholders' Equity 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 sales (all on account) cost of goods sold Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Gross margin selling and administrative expense Net operating income Assets Interest expense Net income before taxes Income taxes (30%) Net income Required: Compute the following for Year 2: $ 1,240 770 470 375 95 20 75 23 $ 52 Year 2 $ 170 260 230 20 680 880 $ 1,560 $ 200 50 40 290 190 480 200 330 550 1,080 $ 1,560 Year 1 $ 230 280 200 20 730 900 $ 1,630 $ 230 50 40 320 240 560 200 330 540 1,070 $ 1,630 Dividends on common stock during Year 2 totaled $42 thousand. The market price of common stock at the end of Year 2 was $17.90 per share. 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.) 1. Working capital. (Input your answer in thousands of dollars.) J. 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.) o. 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 % 22 g % % % % days days

Answer rating: 100% (QA)

TABULATED ANSWERS a Gross margin percentage 379 b Earnings per share 2346 c Price earning ratio 763 ... View the full answer