Ee 07. Additional information:1.2.3.is the income statement for Larkspur, Inc.LARKSPUR, INC.Income StatementFor the Year Ended December 31, 2022(a)(b)Sales revenueCost of goods soldGross profitExpenses (including $11,200 interest and $27,300 income taxes)Net incomeCompute 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 sharePrice-earnings ratio$405,300204,000201,30094,400$ 106,9003.8753.556 times

The ratio analysis helps to analyse the financial statements of the business on the basis of various…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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