Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Here is the income statement for Metlock, Inc. METLOCK, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $446,200 Cost of goods
Here is the income statement for Metlock, Inc. METLOCK, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $446,200 Cost of goods sold 211,400 Gross profit 234,800 Expenses (including $16,400 interest and $28,500 income taxes) 76,100 $ 158,700 Net income Additional information: 1. Common stock outstanding January 1, 2022, was 29.400 shares, and 36,500 shares were outstanding at December 31, 2022. 2. The market price of Metlock stock was $13 in 2022 3. Cash dividends of $24,300 were paid, $4400 of which were to preferred stockholders. Compute the following measures for 2022.(Round all answers to 2 decimal places, eg, 1.83 or 2.51%) (a) Earnings per share (b) Price earnings ratio times (c) Payout ratio (d) Times interest earned e Textbook and Media
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