Hyrkas Corporations most recent balance sheet and income sta

Hyrkas Corporation\'s most recent balance sheet and income statement appear below: 6 Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year2 Year 1 AssetsS 03:05:38 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 210 340 310 20 880 1,120 $2,000 $ 310 360 280 20 970 1,220 $2,190 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders Equity Current liabilities: $ 280 50 40 370 270 640 $ 310 50 40 400 440 840 Accounts payable Ac crued 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 200 330 830 1,360 $2,000 200 330 820 1,350 $2,190 Total stockholders\' equity Total liabilities & stockholders\' equity

Solution

1. Gross Margin percentage = Gross profit*100/sales

= 550*100/1490

Gross margin percentage = 36.9%

2. Earning per share = Net income/Share outstanding

= 52/100

earning per share = 0.52 per share

Note : Please give whole information of MPS and DPS