Praven Company

Financial statements for Praven Company appear below: Praven Company Statement of Financial Position December 31, Year 2 and Year 1 (dollars in thousands)
Currrent assets:

Year 2 Year 1 Cash and marketable securities. . . . . . . . . . . . $ 150 $ 130
Accounts receivable, net . . . . . . . . . . . . . . . . . 190 160
Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 180
Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . 50 40
Total current assets . . . . . . . . . . . . . . . . . . . . . . 560 510
Noncurrent assets:
Plant & equipment, net . . . . . . . . . . . . . . . . . . 1,420 1,330
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,980 $1,840

Current liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . . . . $ 110 $ 100
Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . 90 60
Notes payable, short term . . . . . . . . . . . . . . . . 260 260
Total current liabilities . . . . . . . . . . . . . . . . . . . 460 420
Noncurrent liabilities:
Bonds payable . . . . . . . . . . . . . . . . . . . . . . . . . 400 400
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . 860 820
Stockholder’s equity: Preferred stock, $5 par, 15% . . . . . . . . . . . . . . 120 120
Common stock, $10 par . . . . . . . . . . . . . . . . . 240 240
Additional paid-in capital—common stock . . . . 210 210
Retained earnings . . . . . . . . . . . . . . . . . . . . . . 550 450
Total stockholders’ equity . . . . . . . . . . . . . . . . . 1,120 1,020
Total liabilities & stockholders’ equity . . . . . . . . $1,980 $1,840

Praven Company Income Statement For the Year Ended December 31, Year 2 (dollars in thousands)

Sales (all on account). . . . . . . . . . . . . . . . . . . . . $1,700
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . 1,190
Gross margin. . . . . . . . . . . . . . . . . . . . . . . . . . . 510
Selling and administrative expense . . . . . . . . . . 200
Net operating income . . . . . . . . . . . . . . . . . . . . . 310
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . 40
Net income before taxes . . . . . . . . . . . . . . . . . . . 270
Income taxes (30%) . . . . . . . . . . . . . . . . . . . . . . 81
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 189

Dividends during Year 2 totaled $89 thousand, of which $18 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $130.

Required: Compute the following for Year 2:

1. Book value per share
2. Working capital
3. Current ratio
4. Acid-test ratio
5. Accounts receivable turnover
6. Average collection period
7. Inventory turnover
8. Average sale period
9. Times interest earned
10. Debt-to-equity ratio