Question
Here is the income statement forSkysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue$404,100 Cost of goods sold234,000 Gross
Here is the income statement forSkysong, Inc.
SKYSONG, INC.
Income Statement
For the Year Ended December 31, 2022
Sales revenue$404,100
Cost of goods sold234,000
Gross profit170,100
Expenses (including $16,700interest and $26,400income taxes)83,500
Net income$86,600
Additional information:
1.Common stock outstanding January 1, 2022, was24,700shares, and37,100shares were outstanding at December 31, 2022.2.The market price ofSkysongstock was $14in 2022.3.Cash dividends of $22,900were paid, $4,900of which were to preferred stockholders.
Compute the following measures for 2022.(Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
(a)Earnings per share$
enter earnings per share in dollars
(b)Price-earnings ratioenter price-earnings ratio in times
times(c)Payout ratioenter payout ratio in percentages
%(d)Times interest earnedenter times interest earned
times
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