Hyrkas Corporation's most recent balance sheet and income statement appear below. Balance Sheet December 31, Year...
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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 Year 1 Assets 27 Current assets: Cash $215 $320 Accounts receivable, net i Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Current liabilities: 350 370 320 298 20 20 985 1,000 1,150 1,260 $ 2,055 $ 2,260 Liabilities and Stockholders' Equity 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 Income Statement For the Year Ended December 31, Year 2 $298 50 $320 50 40 40 388 410 280 470 668 880 200 200 330 330 865 850 1,395 1,380 $ 2,055 $ 2,260 (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 $ 1,550 980 570 465 105 20 85 26 $ 59 Dividends on common stock during Year 2 totaled $44 thousand. The market price of common stock at the end of Ye per share. Required: Compute the following for Year 2: a. Gross margin percentage. Note: Round your answer to 1 decimal place. b. Earnings per share. Note: Round your answer to 2 decimal places. c. Price-earnings ratio. Note: Do not round intermediate calculations. Round your answer to 1 decimal place. d. Dividend payout ratio. Note: Do not round intermediate calculations. Round your "Percentage" answer to 1 decimal place. e. Dividend yield ratio. Note: Round your "Percentage" answer to 2 decimal places. Return on total assets. Note: Do not round intermediate calculations. Round your "Percentage" answer to 2 decimal places. 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 Year 1 Assets 27 Current assets: Cash $215 $320 Accounts receivable, net i Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Current liabilities: 350 370 320 298 20 20 985 1,000 1,150 1,260 $ 2,055 $ 2,260 Liabilities and Stockholders' Equity 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 Income Statement For the Year Ended December 31, Year 2 $298 50 $320 50 40 40 388 410 280 470 668 880 200 200 330 330 865 850 1,395 1,380 $ 2,055 $ 2,260 (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 $ 1,550 980 570 465 105 20 85 26 $ 59 Dividends on common stock during Year 2 totaled $44 thousand. The market price of common stock at the end of Ye per share. Required: Compute the following for Year 2: a. Gross margin percentage. Note: Round your answer to 1 decimal place. b. Earnings per share. Note: Round your answer to 2 decimal places. c. Price-earnings ratio. Note: Do not round intermediate calculations. Round your answer to 1 decimal place. d. Dividend payout ratio. Note: Do not round intermediate calculations. Round your "Percentage" answer to 1 decimal place. e. Dividend yield ratio. Note: Round your "Percentage" answer to 2 decimal places. Return on total assets. Note: Do not round intermediate calculations. Round your "Percentage" answer to 2 decimal places.
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