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Here is the income statement for Oriole, Inc. Oriole, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $432,000 Cost of goods
Here is the income statement for Oriole, Inc. Oriole, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $432,000 Cost of goods sold 212,000 Gross profit 220,000 Expenses (including $10,000 interest and $29,500 income taxes) 90,000 Net income $ 130,000 Additional information: 1. Common stock outstanding January 1, 2022, was 28,500 shares, and 32,500 shares were outstanding at December 31, 2022. (Use a simple average for weighted average.) 2. The market price of Oriole stock was $22 on December 31, 2022 3. Cash dividends of $22,780 were declared and paid. Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times
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