Common stock outstanding January 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2022.
Common stock outstanding January 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2022.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
Related questions
Question
SKYSONG, INC.
Income Statement For the Year Ended December 31, 2022 |
||
---|---|---|
Sales revenue
|
$404,100
|
|
Cost of goods sold
|
234,000
|
|
Gross profit
|
170,100
|
|
Expenses (including $16,700 interest and $26,400 income taxes)
|
83,500
|
|
Net income
|
$ 86,600
|
Additional information:
1. | Common stock outstanding January 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2022. | |
2. | The market price of Skysong stock was $14 in 2022. | |
3. | Cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders. |
Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
(a) | Earnings per share |
$enter earnings per share in dollars
|
|||
(b) | Price-earnings ratio |
enter price-earnings ratio in times
|
times | ||
(c) | Payout ratio |
enter payout ratio in percentages
|
% | ||
(d) | Times interest earned |
enter times interest earned
|
times |
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