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Here is the income statement for Tamarisk, Inc. TAMARISK, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue $414,600 Cost of goods

Here is the income statement for Tamarisk, Inc.

TAMARISK, INC. Income Statement For the Year Ended December 31, 2017

Sales revenue

$414,600

Cost of goods sold

232,500

Gross profit

182,100

Expenses (including $16,700 interest and $27,200 income taxes)

84,100

Net income

$ 98,000

Additional information:

1. Common stock outstanding January 1, 2017, was 21,800 shares, and 38,100 shares were outstanding at December 31, 2017.
2. The market price of Tamarisk stock was $13 in 2017.
3. Cash dividends of $24,000 were paid, $3,800 of which were to preferred stockholders.

Compute the following measures for 2017. (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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