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Net sales Cost of goods sold Gross profit Expenses (including $10,000 interest and $22,000 income taxes) Net income $422,000 186,000 236,000 104,000 $132,000 Additional
Net sales Cost of goods sold Gross profit Expenses (including $10,000 interest and $22,000 income taxes) Net income $422,000 186,000 236,000 104,000 $132,000 Additional information: 1. Common stock outstanding January 1, 2022, was 29,000 shares, and 33,000 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average) 2. The market price of Bramble stock was $20 on December 31, 2022 3. Cash dividends of $26,220 were declared and paid. Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6,8%.) (a) Earnings per share $ (b) Price-earnings ratio (c) Payout ratio times
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