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Please help explain how to work this problem. MLCULATOR PR1 lllTEIi Exercise 1311 Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement

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MLCULATOR PR1 lllTEIi Exercise 1311 Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $404,100 Cost of goods sold 234,000 Gross profit 170,100 Expenses (including $16,700 interest and $26,400 income taxes) 33:500 Net income $ 86,600 Additional information: 1. Common stock outstanding January 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2022. 2. The market price of Skysong stock was $14 in 2022. 3. Cash dividends of $22,900 were paid, $4,900 of 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 $ (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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