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Here is the income statement for Bonita, Inc. Bonita, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $450,000 Cost of goods
Here is the income statement for Bonita, Inc. Bonita, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $450,000 Cost of goods sold 196,000 Gross profit 254,000 Expenses (including $10,000 interest and $22,000 income taxes) 101,000 Net income $153,000 Additional information: 1. Common stock outstanding January 1, 2022, was 34,250 shares, and 38,250 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) The market price of Bonita stock was $30 on December 31, 2022 2. 3. Cash dividends of $21,840 were declared and paid. Additional information: 1. Common stock outstanding January 1, 2022, was 34,250 shares, and 38,250 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) 2. The market price of Bonita stock was $30 on December 31, 2022 3. Cash dividends of $21,840 were declared and paid. Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, eg. 1.65, and all other answers to 1 decimal place, eg. 6.8 or 6.8%) (a) Earnings per share $ (b) Price earnings ratio (c) Payout ratio (d) Times interest earned times % times
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