23 cement for Larkspur, Inc. LARKSPUR, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Expenses (including $11,200 interest and $27,300 income taxes) Net income Additional information: Common stock outstanding January 1, 2022, was 20,700 shares, and 39,800 shares were outstanding at December 31, 2 The market price of Larkspur stock was $12 in 2022. Cash dividends of $19.400 were paid, $4,800 of which were to preferred stockholders. (a) Earnings per share $405,300 204,000 201,300 94,400 $ 106,900 Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) 3.875
23 cement for Larkspur, Inc. LARKSPUR, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Expenses (including $11,200 interest and $27,300 income taxes) Net income Additional information: Common stock outstanding January 1, 2022, was 20,700 shares, and 39,800 shares were outstanding at December 31, 2 The market price of Larkspur stock was $12 in 2022. Cash dividends of $19.400 were paid, $4,800 of which were to preferred stockholders. (a) Earnings per share $405,300 204,000 201,300 94,400 $ 106,900 Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) 3.875
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Ee 07.
Transcribed Image Text:Additional information:
1.
2.
3.
is the income statement for Larkspur, Inc.
LARKSPUR, INC.
Income Statement
For the Year Ended December 31, 2022
(a)
(b)
Sales revenue
Cost of goods sold
Gross profit
Expenses (including $11,200 interest and $27,300 income taxes)
Net income
Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
Common stock outstanding January 1, 2022, was 20,700 shares, and 39,800 shares were outstanding at December 31, 2022.
The market price of Larkspur stock was $12 in 2022.
Cash dividends of $19,400 were paid, $4,800 of which were to preferred stockholders.
Earnings per share
Price-earnings ratio
$405,300
204,000
201,300
94,400
$ 106,900
3.875
3.556 times
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