Lundberg Corporation's most recent balance sheet and income statement appear below: Lundberg Corporation Statement of Financial Position December 31, 2012 and 2011 (in thousands of dollars) 2012 2011 Assets: Current assets: Cash $ 100 $ 110 Accounts receivable 210 220 Inventory 110 120 Prepaid expenses 10 10 Total current assets 430 460 Plant and equipment, net 900 880 Total Assets: $ 1,330 $ 1,340 Liabilities and Stockholders' Equity: Current liabilities: Accounts payable $ 160 $ 170 Accrued liabilities 50 50 Notes payable, short term 100 90 Total current liabilities 310 310 Bonds payable 190 240 Total Liabilities: 500 550 Stockholders' Equity: Preferred stock, $100 par value, 10% 200 200 Common stock, $1 par value 100 100 Additional paid-in capital--common stock 110 110 Retained earnings 420 380 Total Stockholders' Equity: 830 790 Total Liabilities and Stockholders' Equity: $ 1,330 $ 1,340 ? Lundberg Corporation Income Statement for the year ended December 31, 2012 (in thousands of dollars) Sales (all on account) $ 1,330 Cost of goods sold 850 Gross margin 480 Selling and administrative expense 292 Net operating income 188 Interest expense 31 Net income before taxes 157 Income taxes (30%) 47 Net income $ 110 Other Facts:

• Dividends on common stock during 2012 totaled $50 thousand. • Dividends on preferred stock totaled $20 thousand. • The market price of common stock at the end of 2012 was $9.36 per share. a. Compute the gross margin percentage for 2012. (Round your answer to 1 decimal place. Show your work.) Answer 480 Work 1330-850=480 480/850 .6 b. Compute the earnings per share (of common stock) for 2012. (Round your answer to 2 decimal places. Show your work.) Answer Work c. Compute the price-earnings ratio for 2012. (Do not round intermediate calculations. Round your answer to 1 decimal place. Show your work.) Answer Work d. Compute the dividend payout ratio for 2012. (Do not round intermediate calculations. Round your answer to 1 decimal place. Show your work.) Answer Work e. Compute the dividend yield ratio for 2012. (Round your answer to 2 decimal places. Show your work.) Answer Work f. Compute the return on total assets for 2012. (Do not round intermediate calculations. Show your work.) Answer Work ? g. Compute the return on common stockholders' equity for 2012. (Round your answer to 2 decimal places. Show your work.) Answer Work h. Compute the book value per share for 2012. (Round your answer to 2 decimal places. Show your work.)

Answer Work i. Compute the working capital for 2012. (Input your answer in thousands of dollars. Show your work.) Answer Work j. Compute the current ratio for 2012. (Round your answer to 2 decimal places. Show your work.) Answer Work ? k. Compute the acid-test ratio for 2012. (Show your work.) Answer Work l. Compute the accounts receivable turnover for 2012. (Round your answer to 2 decimal places. Show your work.) Answer Work m. Compute the average collection period for 2012. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to the nearest whole number.

Show your work.) Answer Work n. Compute the inventory turnover for 2012. (Show your work.) Answer Work ? o. Compute the average sale period for 2012. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 1 decimal place. Show your work.) Answer Work p. Compute the times interest earned for 2012. (Round your answer to 2 decimal places. Show your work.) Answer Work q. Compute the debt-to-equity ratio for 2012. (Round your answer to 2 decimal places. Show your work.) Answer Work