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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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