Question

Hyrkas Corporations most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year
Total liabilities & stockholders equity 1,465 $2,165 1.450 $2,400 $1,570 1,000 570 Income Statement For the Year Ended Decem
Required: Compute the following for Year 2: a. Gross margin percentage. (Round your answer to 1 decimal place.) b. Earnings p
overs 10,11,12,15 A Saved n. Inventory turnover. (Round your answer to 2 decimal places.) o. Average sale period. (Use 365 da
0 0
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Answer #1

as per HomeworkLib policy please find below the answer of first 4 question for rest of question please raise new request..

Ans a) Gross margin % =
Gross margin/sales
570/1570
36.3%
Ans b) Earning per share = Net income/Number of share outstanding
Number of share = 200/2 100
Net income = 45
EPS= 45/100
0.45
Ans c) Price-earning ratio = price /EPS
Price = 15
EPS = 0.45
Price earning ratio = 15/.45          33.3
Ans d) dividend pay out ratio = Dividend/Net income
dividend 40
Net income = 45
Dividend pay out ratio= 88.9%
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