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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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