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Here is the income statement for Sage Hill Inc. SAGE HILL INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $435,400 Cost
Here is the income statement for Sage Hill Inc.
SAGE HILL INC. Income Statement For the Year Ended December 31, 2022 | ||
---|---|---|
Sales revenue | $435,400 | |
Cost of goods sold | 228,500 | |
Gross profit | 206,900 | |
Expenses (including $11,300 interest and $22,500 income taxes) | 70,900 | |
Net income | $ 136,000 |
Additional information:
1. | Common stock outstanding January 1, 2022, was 26,600 shares, and 38,600 shares were outstanding at December 31, 2022. | |
2. | The market price of Sage Hill stock was $14 in 2022. | |
3. | Cash dividends of $23,400 were paid, $5,000 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 | $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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