Shull Corporation’s most recent balance sheet and income statement appear below: Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars)

Current assets: Year 2 Year 1 Cash $ 180 $ 150

Accounts receivable 200 190

Inventory 140 140

Prepaid expenses 100 90

Total current assets 620 570

Plant and equipment, net 780 800

Total assets $1,400 $1,370

Current liabilities: Accounts payable $ 110 $ 130

Account liabilities 80 70

Notes payable, short term 60 60

Total current liabilities 250 260

Bonds payable 220 240

Total liabilities 470 500

Stockholders’ equity: Preferred stock, $100 par value, 5% 200 200 Common stock, $2 par value 400 400 Additional paid-in capital--common stock 100 100 Retained earnings 230 170 Total stockholders’ equity 930 870 Total liabilities & stockholders’ equity $1,400 $1,370

Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $1,130 Cost of goods sold 700 Gross margin 430 Selling and administrative expense 244 Net operating income 186 Interest expense 29 Net income before taxes 157 Income taxes (30%) 47 Net income $ 110

Dividends on common stock during Year 2 totaled $40,000. Dividends on preferred stock totaled $10,000. The market price of common stock at the end of Year 2 was $9.80 per share. Required: Compute the following for Year 2:

1. Gross margin percentage 2. Earnings per share (of common stock) 3. Price-earnings ratio 4. Dividend payout ratio 5. Dividend yield ratio 6. Return on total assets 7. Return on common stockholders’ equity 8. Book value per share 9. Working capital 10. Current ratio