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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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