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Current Attempt in Progress The income statement for the Bridgeport Service Company for the year ended December 31, 2022, appears below. Sales revenue $680,000 Cost
Current Attempt in Progress The income statement for the Bridgeport Service Company for the year ended December 31, 2022, appears below. Sales revenue $680,000 Cost of goods sold 372,000 Gross profit 308,000 Expenses 159,340 Net income $148,660 *Includes $25,000 of interest expense and $25,340 of income tax expense. Additional information: 1. Common stock outstanding on January 1, 2022, was 45,000 shares. On July 1, 2022, 9,000 more shares were issued. 2. The market price of Bridgeport's stock was $20 at the end of 2022. 3. Cash dividends of $35,770 were paid $5,110 of which were paid to preferred stockholders. Compute the following ratios for 2022: (Round earnings per share to 2 decimal places, e.g. 2.25 and all other answers to 1 decimal place e.g. 15.5.) (a) Earnings per share $ (b) Price-earnings times (c) Times interest earned times
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