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Please solve the blank questions (a, c, d). Here is the income statement for Skysong, Inc SKYSONG, INC. Income Statement For the Year Ended December
Please solve the blank questions (a, c, d).
Here is the income statement for Skysong, Inc SKYSONG, INC. Income Statement For the Year Ended December 31, 2020 $438,400 217,900 220,500 89,500 $131,000 Sales revenue Cost of goods sold Gross profit Expenses (including $14,000 interest and $25,200 income taxes Net income Additional information: 1. Common stock outstanding January 1, 2020, was 26,700 shares, and 36,500 shares were outstanding at December 31, 2020 2. The market price of Skysong stock was $15 in 2020 3. Cash dividends of $21,300 were paid, $5,500 of which were to preferred stockholders Compute the following measures for 2020" (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned 3.44 times timesStep by Step Solution
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