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Here is the income statement for Metlock, Inc. METLOCK, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $449,500 Cost of goods
Here is the income statement for Metlock, Inc. METLOCK, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $449,500 Cost of goods sold 211,500 Gross profit 238,000 Expenses (including $11,700 interest and $29,700 income taxes) 77,880 Net income $ 160,120 Additional information: 1. Common stock outstanding January 1, 2022, was 22,400 shares, and 37,300 shares were outstanding at December 31, 2022. 2. The market price of Metlock stock was $13.00 in 2022. 3. Cash dividends of $28,918 were paid, $4,900 of which were to preferred stockholders. Compute the following measures for 2022. (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 $ (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times
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