Question
Here is the income statement for Carla Vista, Inc. Carla Vista, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $419,200 Cost
Here is the income statement for Carla Vista, Inc.
Carla Vista, Inc. Income Statement For the Year Ended December 31, 2025 | ||
---|---|---|
Net sales | $419,200 | |
Cost of goods sold | 251,500 | |
Gross profit | 167,700 | |
Expenses (including $14,200 interest and $28,000 income taxes) | 73,500 | |
Net income | $94,200 |
Additional information:
1. | Common stock outstanding January 1, 2025, was 24,400 shares, and 39,100 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) | |
2. | The market price of Carla Vista stock was $12 on December 31, 2025. | |
3. | Cash dividends of $22,800 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, e.g. 1.8 or 2.5%.)
a. | Earnings per share | $enter a dollar amount rounded to 2 decimal places | |||
---|---|---|---|---|---|
b. | Price-earnings ratio | enter a number of times rounded to 1 decimal place | times | ||
c. | Payout ratio | enter percentages rounded to 1 decimal place | % | ||
d. | Times interest earned | enter a number of times rounded to 1 decimal place | times |
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