Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods sold Gross profit Expenses (including $16,100 interest and $21,900 income taxes) Net income Additional information: 1. $420,100 235.100 185,000 72,500 $112.500 Common stock outstanding January 1, 2022, was 22,400 shares, and 36,600 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) 2. The market price of Windsor stock was $12 on December 31, 2022. 3. Cash dividends of $22,600 were declared and paid. Compute the following measures for 2022. (Round earnings per share to 2 decimal places, e.g. 1.83 and all answers to 1 decimal places, e.g. 1.8 or 2.5%)

Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods sold Gross profit Expenses (including $16,100 interest and $21,900 income taxes) Net income Additional information: 1. $420,100 235.100 185,000 72,500 $112.500 Common stock outstanding January 1, 2022, was 22,400 shares, and 36,600 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) 2. The market price of Windsor stock was $12 on December 31, 2022. 3. Cash dividends of $22,600 were declared and paid. Compute the following measures for 2022. (Round earnings per share to 2 decimal places, e.g. 1.83 and all answers to 1 decimal places, e.g. 1.8 or 2.5%)

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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