sold luding $10,200 interest and $23,700 income taxes) $444,800 240,700 204.100 75,400 $128,700
sold luding $10,200 interest and $23,700 income taxes) $444,800 240,700 204.100 75,400 $128,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Solve all questions otherwise leave it

Transcribed Image Text:3.
a.
b.
C.
Here is the income statement for Blossom, Inc.
d.
Net sales
Cost of goods sold
Gross profit
Expenses (including $10,200 interest and $23,700 income taxes)
Net income
Additional information:
1.
2
Blossom, Inc.
Income Statement
For the Year Ended December 31, 2025
Cash dividends of $22,000 were declared and paid.
Earnings per share
Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place,
eg. 1.8 or 2.5%)
Price-earnings ratio
Payout ratio
Common stock outstanding January 1, 2025, was 25,600 shares, and 40,000 shares were outstanding at December 31, 2025.
(Use a simple average for weighted average.)
The market price of Blossom stock was $13 on December 31, 2025.
Times interest earned
times
$444,800
%
240,700
times
204,100
75,400
$128.700
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