The income statement for Carla Vista, Inc. is as follows: Sales revenue Cost of goods sold Gross profit Expenses (including $22,000 interest and $40,000 income taxes) Net income 1. CARLA VISTA, INC. Income Statement For the Year Ended December 31, 2021 Additional information: Common stock outstanding January 1, 2021 was 50,000 shares and 60,000 shares were outstanding at December 31, 2021. The market price of Carla Vista, Inc., stock was $16 in 2021. Cash dividends of $17,900 were paid, $1,800 of which were to preferred st 2 3. $460,000 270,000 190,000 120,000 $70,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Compute the following measures for 2021: (Round Earnings per share to 2 decimal places, e.g. 52.75. Round other answers to 1
decimal place, e.g. 52.7.)
(a) Earnings per share
(b) Price-earnings ratio
(c)
(d)
Payout ratio
Times interest earned.
$
times
%
times
Transcribed Image Text:Compute the following measures for 2021: (Round Earnings per share to 2 decimal places, e.g. 52.75. Round other answers to 1 decimal place, e.g. 52.7.) (a) Earnings per share (b) Price-earnings ratio (c) (d) Payout ratio Times interest earned. $ times % times
The income statement for Carla Vista, Inc. is as follows:
Sales revenue
Cost of goods sold
Gross profit
Expenses (including $22,000 interest and $40,000 income taxes)
Net income
CARLA VISTA, INC.
Income Statement
For the Year Ended December 31, 2021
1.
2.
3.
$460,000
270,000
Additional information:
Common stock outstanding January 1, 2021 was 50,000 shares and 60,000 shares were outstanding at December 31, 2021.
The market price of Carla Vista, Inc, stock was $16 in 2021.
Cash dividends of $17,900 were paid, $1.800 of which were to preferred stockholders.
190,000
120,000
$70,000
Transcribed Image Text:The income statement for Carla Vista, Inc. is as follows: Sales revenue Cost of goods sold Gross profit Expenses (including $22,000 interest and $40,000 income taxes) Net income CARLA VISTA, INC. Income Statement For the Year Ended December 31, 2021 1. 2. 3. $460,000 270,000 Additional information: Common stock outstanding January 1, 2021 was 50,000 shares and 60,000 shares were outstanding at December 31, 2021. The market price of Carla Vista, Inc, stock was $16 in 2021. Cash dividends of $17,900 were paid, $1.800 of which were to preferred stockholders. 190,000 120,000 $70,000
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