# Question: hyrkas corporations most recent balance sheet and income statement appear...

###### Question details

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 | $ | 190 | $ | 270 | ||

Accounts receivable, net | 300 | 320 | ||||

Inventory | 270 | 240 | ||||

Prepaid expenses | 20 | 20 | ||||

Total current assets | 780 | 850 | ||||

Plant and equipment, net | 1,000 | 1,060 | ||||

Total assets | $ | 1,780 | $ | 1,910 | ||

Liabilities and Stockholders' Equity | ||||||

Current liabilities: | ||||||

Accounts payable | $ | 240 | $ | 270 | ||

Accrued liabilities | 50 | 50 | ||||

Notes payable, short term | 40 | 40 | ||||

Total current liabilities | 330 | 360 | ||||

Bonds payable | 230 | 360 | ||||

Total liabilities | 560 | 720 | ||||

Stockholders’ equity: | ||||||

Common stock, $2 par value | 200 | 200 | ||||

Additional paid-in capital | 330 | 330 | ||||

Retained earnings | 690 | 660 | ||||

Total stockholders’ equity | 1,220 | 1,190 | ||||

Total liabilities & stockholders’ equity | $ | 1,780 | $ | 1,910 | ||

Income Statement | |||

For the Year Ended December 31, Year 2 | |||

(in thousands of dollars) | |||

Sales (all on account) | $ | 1,340 | |

Cost of goods sold | 840 | ||

Gross margin | 500 | ||

Selling and administrative expense | 415 | ||

Net operating income | 85 | ||

Interest expense | 20 | ||

Net income before taxes | 65 | ||

Income taxes (30%) | 20 | ||

Net income | $ | 45 | |

Dividends on common stock during Year 2 totaled $15 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:

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.)**