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Income Statement For the Year Ended December 31, 2021 Sales revenue $403,000 Cost of goods sold 251,000 Gross profit 152.000 Expenses (including $12,500 interest
Income Statement For the Year Ended December 31, 2021 Sales revenue $403,000 Cost of goods sold 251,000 Gross profit 152.000 Expenses (including $12,500 interest and $24,000 income taxes) 101.000 Net income $51,000 Additional information: 1. Common stock outstanding January 1, 2021 was 31,000 shares and 41,000 shares were outstanding at December 31, 202 2. The market price of Blossom, Inc., stock was $16 in 2021. 3. Cash dividends of $16,290 were paid, $4,560 of which were to preferred stockholders. Compute the following measures for 2021: (Round Earnings per share to 2 decimal places, e.g. 52.75. Round other answers to 1 decimal place, e.g. 52.7.) (a) Earnings per share $ (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times % times
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