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Net sales Cost of goods sold Gross profit Expenses (including $12,000 interest and $26,000 income taxes) Net income Additional information: 2 3. b. Income Statement
Net sales Cost of goods sold Gross profit Expenses (including $12,000 interest and $26,000 income taxes) Net income Additional information: 2 3. b. Income Statement For the Year Ended December 31, 2025 d. Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, eg. 1.8 or 2.5%.) Earnings per share Price-earnings ratio Payout ratio Common stock outstanding January 1, 2025, was 26,300 shares, and 36,100 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average) The market price of Cullumber stock was $14 on December 31, 2025. Cash dividends of $24,000 were declared and paid. Times interest earned $ 3.51 $425,500 240,400 3.98 196 185,100 $109,700 times 75,400 times
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