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Income Statement For the Year Ended December 31, 2022 Net sales $400000 Cost of goods sold 232000 Gross prot 168000 Expenses (including $10,000 interest and
Income Statement For the Year Ended December 31, 2022 Net sales $400000 Cost of goods sold 232000 Gross prot 168000 Expenses (including $10,000 interest and $20,000 income taxes) 118000 Net income 55 50000 Additional information: 1. Common stock outstanding January 1. 2022. was 16.000 sha res. and 24.000 shares were outstanding at December 31. 2022. [Use a simple average for weighted-average.) 2. The market price of Blossom stock was $20 on December 31.2022. 3. Cash dividends of $14,500 were declared and paid. Compute the following measures for 2022. (Round Earnings per share 02 decimal places, 6.3. 1165, and all other answers to 1 decimal place, 2.5. 6.8 or 6.8%.) (3) Earnings per share $ (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times
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