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Here is the income statement for Novak, Inc. NOVAK, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $499,000 Cost of goods
Here is the income statement for Novak, Inc.
NOVAK, INC. Income Statement For the Year Ended December 31, 2022 | ||
---|---|---|
Sales revenue | $499,000 | |
Cost of goods sold | 230,000 | |
Gross profit | 269,000 | |
Expenses (including $12,600 interest and $30,700 income taxes) | 104,000 | |
Net income | $165,000 |
Additional information:
1. | Common stock outstanding January 1, 2022, was 30,500 shares, and 51,100 shares were outstanding at December 31, 2022. | |
2. | The market price of Gillman, Inc., stock was $15 in 2022. | |
3. | Cash dividends of $17,700 were paid, $5,800 of which were to preferred stockholders. |
Compute the following measures for 2022. (Round to 2 decimal places, e.g. 17.54% or 6.25: 1 or $2.66.)
(a) | Earnings per share | $Enter earnings per share in dollars | |||
(b) | Price-earnings ratio | Enter price-earnings ratio in times | times | ||
(c) | Payout ratio | Enter payout ratio in percentages | % | ||
(d) | Times interest earned | Enter times interest earned | times |
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