Question
Here is the income statement for Tamarisk, Inc. Please show how to do the equations. Thank you. TAMARISK, INC. Income Statement For the Year Ended
Here is the income statement for Tamarisk, Inc. Please show how to do the equations. Thank you.
TAMARISK, INC. Income Statement For the Year Ended December 31, 2022 | ||
---|---|---|
Sales revenue | $419,200 | |
Cost of goods sold | 251,500 | |
Gross profit | 167,700 | |
Expenses (including $14,200 interest and $28,000 income taxes) | 73,500 | |
Net income | $ 94,200 |
Additional information:
1. | Common stock outstanding January 1, 2022, was 24,400 shares, and 39,100 shares were outstanding at December 31, 2022. | |
2. | The market price of Tamarisk stock was $12 in 2022. | |
3. | Cash dividends of $22,800 were paid, $5,300 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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