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
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 29E
Related questions
Question
Ee 07.
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f160f1b-d125-4cf2-9b01-27d1eef1b8b8%2Ff0fba91e-9ec5-41bd-89de-2bac61e179a2%2F2n3put7_processed.jpeg&w=3840&q=75)
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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