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SPLISH BROTHERS INC. Income Statement For the Year Ended December 31, 2020 $442,900 258,800 184,100 Sales revenue Cost of goods sold Gross profit Expenses (including
SPLISH BROTHERS INC. Income Statement For the Year Ended December 31, 2020 $442,900 258,800 184,100 Sales revenue Cost of goods sold Gross profit Expenses (including $16,100 interest and $21,600 income taxes 74,700 Net income udy $ 109,400 Additional information: 1. Common stock outstanding January 1, 2020, was 22,500 shares, and 35,800 shares were outstanding at December 31, 2020 2. The market price of Splish Brothers stock was $15 in 2020 3. Cash dividends of $23,600 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 Click if you would like to Show Work for this question: Open Show Work times times
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