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Here is the income statement for Sage Hill Inc. SAGE HILL INC. Income Statement For the Year Ended December 31, 2017 $445,300 Sales revenue 230,200
Here is the income statement for Sage Hill Inc. SAGE HILL INC. Income Statement For the Year Ended December 31, 2017 $445,300 Sales revenue 230,200 Cost of goods sold Gross profit 215,100 Expenses (including $14,900 interest and $20,600 income taxes) 78,900 136,200 Net income Additional information: 1. Common stock outstanding January 1, 2017, was 25,700 shares, and 39,000 shares were outstanding at December 31, 2017. 2. The market price of Sage Hill stock was $14 in 2017. 3. Cash dividends of $23,700 were paid, $5,900 of which were to preferred stockholders. Compute the following measures for 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
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