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Here is the income statement for Sandhill, Inc. Sandhill, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $431,600 Cost of goods
Here is the income statement for Sandhill, Inc. Sandhill, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $431,600 Cost of goods sold 234,300 Gross profit 197,300 Expenses (including $16,200 interest and $22.500 income taxes) 75,200 Net income $122,100 Additional information: 1 Common stock outstanding January 1, 2025, was 26,700 shares, and 36,000 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) 2 The market price of Sandhill stock was $13 on December 31, 2025. 3. Cash dividends of $24,200 were declared and paid. Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, eg 1.83 and all other answers to 1 decimal place. eg. 18 or 2.5%) Earnings per share b. Price-earnings ratio times . Payout ratio 96 d Times interest camed times
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