Comparative Financial Statements for Springville Company for the Last Two

Comparative financial statements for Springville Company for the last two years appear below.The market price of Springville's common shares was $25 per share on December 31,Year 2.During Year 2,dividends of $2,000,000 were paid to preferred shareholders and $10,000,000 to common shareholders.

$\begin{array}{|l|r|}\hline&\text {Springville Company}\\&\text {Income Statemen}\\&\text {For the Year Ended December 31, Year}\\&2\\&\text {(dollars in thousands)}\\\hline\text { Sales (All on Account) } & \$ 280000 \\\hline \text { Costs of Goods Sold } & \$ 200000 \\\hline \text { Gross Margin } & \$ 80000 \\\hline \text { Operating Expenses } & \$ 6133 \\\hline \text { Net Operating Income } & \$ 18667 \\\hline \text { Interest Expense } & \$ 5000 \\\hline \text { Net Income before Taxes } & \$ 13667 \\\hline \text { Income Taxes (40\%) } & \$ 5467 \\\hline \text { Net Income } & \$ 8200\\\hline\end{array}$

Required:
Calculate the following for Year 2:
a)Dividend payout ratio.
b)Dividend yield ratio.
c)Price-earnings ratio.
d)Accounts receivable turnover.
e)Inventory turnover.
f)Return on total assets.
g)Return on common shareholders' equity.
h)Was financial leverage positive or negative for the year? Explain.