Business
Business, 25.04.2020 03:13, jasonweber8718

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 Current assets: Cash $ 185 $ 260 Accounts receivable, net 290 310 Inventory 260 230 Prepaid expenses 20 20 Total current assets 755 820 Plant and equipment, net 970 1,020 Total assets $ 1,725 $ 1,840 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 230 $ 260 Accrued liabilities 50 50 Notes payable, short term 40 40 Total current liabilities 320 350 Bonds payable 220 330 Total liabilities 540 680 Stockholdersâ equity: Common stock, $2 par value 200 200 Additional paid-in capital 330 330 Retained earnings 655 630 Total stockholdersâ equity 1,185 1,160 Total liabilities & stockholdersâ equity $ 1,725 $ 1,840 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $ 1,330 Cost of goods sold 830 Gross margin 500 Selling and administrative expense 405 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. 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.)

i. 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.)

l. 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.)

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 01:40, foreverrocky12p2asun
At the local level, the main role of ctsos is to encourage students to become urge them to programs and competitive events. 1. a. interns b. trainees c. members 2. a. participate b. train c. win
Answers: 2
image
Business, 22.06.2019 02:30, leomessifanboy678
Witch is an example of a non durable good?
Answers: 1
image
Business, 23.06.2019 03:30, audriexpress
What so u want to be when u grow up?
Answers: 1
image
Business, 23.06.2019 09:50, JeroMii
Provide three examples of how the purpose of investing is different than the purpose of saving
Answers: 2
Do you know the correct answer?
Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance Sheet Dece...

Questions in other subjects:

Konu
Biology, 14.11.2020 02:00
Konu
Mathematics, 14.11.2020 02:00