Text: 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.)