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Business, 20.12.2019 19:31 sportygirlscand
Here is the income statement for skysong, inc.
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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Here is the income statement for skysong, inc.
skysong, inc. income statement for the year en...
skysong, inc. income statement for the year en...
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