Question
Here is the income statement forWindsor, Inc. WINDSOR, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue$420,100 Cost of goods sold235,100 Gross
Here is the income statement forWindsor, Inc.
WINDSOR, INC.
Income Statement
For the Year Ended December 31, 2022
Sales revenue$420,100
Cost of goods sold235,100
Gross profit185,000
Expenses (including $16,100interest and $21,900income taxes)72,500
Net income$112,500
Additional information:
1.Common stock outstanding January 1, 2022, was22,400shares, and36,600shares were outstanding at December 31, 2022.2.The market price ofWindsorstock was $12in 2022.3.Cash dividends of $22,600were paid, $4,600of which were to preferred stockholders.
Compute the following measures for 2022.(Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
(a)Earnings per share$
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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