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Here is the income statement for Tamarisk, Inc. TAMARISK, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $419,200 Cost of goods
Here is the income statement for Tamarisk, Inc. 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 $ 2.8 (b) Price-earnings ratio 4.29 times (c) Payout ratio 19.70 % (d) Times interest earned 9.61 times
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