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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 $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

Net income

$ 158,700

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, $4,400 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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