Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Here is the income statement for Marigold, Inc. MARIGOLD, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold
Here is the income statement for Marigold, Inc. MARIGOLD, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Expenses (including $12,800 interest and $30,400 income taxes) Net income $453,000 310,000 143,000 108,000 $35,000 Additional information: 1. Common stock outstanding January 1, 2022 was 38,100 shares, and 43,400 shares were outstanding at December 31, 2022 The market price of Gillman, Inc., stock was $15 in 2022. Cash dividends of $14,000 were paid $4,440 of which were to preferred stockholders. 2. 3. Compute the following measures for 2022. (Round to 2 decimal places, eg. 17.54% or 6.25: 1 or $2.66.) (a) $ Earnings per share Price-earnings ratio (b) times (c) Payout ratio (d) Times interest earned times
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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