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Here is the income statement for Kingbird, Inc. KINGBIRD, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $444,800 Cost of goods
Here is the income statement for Kingbird, Inc. KINGBIRD, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $444,800 Cost of goods sold 240,700 Gross profit 204,100 Expenses (including $10,200 interest and $23,700 income taxes) 75,400 Net income $ 128,700 Additional information: 1. Common stock outstanding January 1, 2022, was 25,600 shares, and 40,000 shares were outstanding at December 31, 2022. 2. The market price of Kingbird stock was $13 in 2022. 3. Cash dividends of $22,000 were paid, $6,700 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 $ (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times
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