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Here is the income statement for Swifty, Inc. Swifty, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $442,000 Cost of goods

Here is the income statement for Swifty, Inc.

Swifty, Inc. Income Statement For the Year Ended December 31, 2022

Net sales

$442,000

Cost of goods sold

208,000

Gross profit

234,000

Expenses (including $10,000 interest and $26,000 income taxes)

92,000

Net income

$ 142,000

Additional information:

1. Common stock outstanding January 1, 2022, was 31,500 shares, and 35,500 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.)
2. The market price of Swifty stock was $20 on December 31, 2022
3. Cash dividends of $29,200 were declared and paid.

Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)

(a)

Earnings per share

$enter a dollar amount rounded to 2 decimal places

(b)

Price-earnings ratio

enter a number of times rounded to 1 decimal place times

(c)

Payout ratio

enter percentages rounded to 1 decimal place %

(d)

Times interest earned

enter a number of times rounded to 1 decimal place times

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