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Here is the income statement for Marin Inc. Common stock outstanding January 1, 2017, was 28, 200 shares, and 39, 700 shares were outstanding at
Here is the income statement for Marin Inc. Common stock outstanding January 1, 2017, was 28, 200 shares, and 39, 700 shares were outstanding at December 31, 2017. The market price of Marin stock was $13 in 2017. Cash dividends of $20, 100 were paid, $6, 300 of which were to preferred stockholders. Compute the following measures for 2017. (a) Earnings per share $ (b) Price-earnings ratio times (C) Payout ratio % (d) Times interest earned times
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