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Here is the income statement for Splish Brothers Inc. SPLISH BROTHERS INC. Incone Statement For the Year Ended December 31, 2020 $443,100 241,700 201,400 78,300
Here is the income statement for Splish Brothers Inc. SPLISH BROTHERS INC. Incone Statement For the Year Ended December 31, 2020 $443,100 241,700 201,400 78,300 $ 123,100 Sales revenue Cost of goods sold Gross profit Expenses (including $14,700 interest and $27,600 income taxes) Net income Additional information: 1. Common stock outstanding January 1, 2020, was 24,200 shares, and 39,200 shares were outstanding at December 31, 2020 2. The market price of Splish Brothers stock was $14 in 2020 3. Cash dividends of $22,200 were paid, $6,900 of which were to preferred stockholders Compute the following measures for 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned 123.09 4.73 times 0.18011 % 14.31 times
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