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Here is the income statement for Shamrock, Inc. SHAMROCK, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold
Here is the income statement for Shamrock, Inc. SHAMROCK, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross proft Expenses (including $15,000 interest and $24,600 income $411,500 254,300 157,200 72,800 $ 84,400 taxes) Net income Additional information: 1. Common stock outstanding January 1, 2017, was 28,400 shares, and 35,100 shares were outstanding at December 31, 2017. 2. The market price of Shamrock stock was $15 in 2017. 3. Cash dividends of $23,900 were paid, $6,000 of which were to preferred stockholders. Compute the following measures for 2017. (Round all answers to 2 decimal places, eg, 1.83 or 2.51%) (a) Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times times
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