Question

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 Accounts receivable, net Inventory Prepaid expenses $ 200 320 290 20 830 1,060 $1,890 $ 290 340 260 20 910 1,140 $2,050 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: $ 260 50 40 350 250 600 $ 290 50 40 380 420 800 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 200 330 760 1,290 $1,890 200 330 720 1,250 $2,050 Total stockholders' equity Total liabilities & stockholders' equity

Answer 1

Solution a:

Gross margin percentage = Gross Profit / Sales = $540 / $1,450 = 37.2%

Solution b:

Earning per share = Net Income / Outstanding shares = $59 / 100 = $0.59 per share

Solution c:

Price earning ratio = Market price per share / Earning per share = $9.90 / $0.59 = 16.8

Solution d:

Dividend payout ratio = Dividend paid / Net Income = $19 / $59 = 32.2%

Solution e:

Dividend yield ratio = Dividend per share / Market price per share

= $0.19 / $9.90 = 1.92%

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