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Sales revenue Cost of goods sold KINGBIRD, INC. Income Statement For the Year Ended December 31, 2022 Gross profit Expenses (including $10,000 interest and
Sales revenue Cost of goods sold KINGBIRD, INC. Income Statement For the Year Ended December 31, 2022 Gross profit Expenses (including $10,000 interest and $20,000 income taxes) Net income $400,000 200,000 200,000 70,000 $ 130,000 Additional information: 1 Common stock outstanding January 1, 2022, was 20,000 shares, and 35,000 shares were outstanding at December 31, 2022 The market price of Kingbird stock was $12 at December 31, 2022. 2. 3. Cash dividends of $19,000 were paid. $3,000 of which were to preferred stockholders. Compute the following measures for 2022. (Round earnings per share to 2 decimal places, e.g. 1.83 and all answers to 1 decimal places, e.g. 1.8 or 2.5%) (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio Times interest earned times
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