Essay
Hyrkas Corporation's most recent balance sheet and income statement appear below:
Dividends on common stock during Year 2 totaled $30 thousand.The market price of common stock at the end of Year 2 was $6.90 per share.
Required:
Compute the following for Year 2:
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 (quick)ratio.
l.Accounts receivable turnover.
m.Average collection period.
n.Inventory turnover.
o.Average sale period.
p.Times interest earned ratio.
q.Debt-to-equity ratio.
Correct Answer:

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a.Gross margin percentage = Gross margin...View Answer
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