Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Here is the income statement for Blossom, Inc. Blossom, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $446,700 Cost of goods
Here is the income statement for Blossom, Inc. Blossom, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $446,700 Cost of goods sold 202,300 Gross profit 244,400 Expenses (including $16.300 interest and $20,800 income taxes) 70,800 Net income $173,600 Additional information: 1. Common stock outstanding January 1, 2025, was 27,200 shares, and 38,600 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) 2 The market price of Blossom stock was $15 on December 31, 2025. Additional information: 1. Common stock outstanding January 1, 2025, was 27,200 shares, and 38,600 shares were outstanding at December 31, 2025, (Use a simple average for weighted-average.) 2. The market price of Blossom stock was $15 on December 31, 2025. 3. Cash dividends of $21.700 were declared and paid. 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%) a. Earnings per share $ b. Price-earnings ratio C Payout ratio d. Times interest earned eTextbook and Media times % times
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started