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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

FINANCIAL ACCOUNTING
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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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
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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