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The income statement for Pharoah, Inc. is as follows: PHAROAH, INC. Income Statement For the Year Ended December 31, 2021 Sales revenue $451,000 Cost of
The income statement for Pharoah, Inc. is as follows:
PHAROAH, INC. Income Statement For the Year Ended December 31, 2021 | ||
---|---|---|
Sales revenue | $451,000 | |
Cost of goods sold | 267,000 | |
Gross profit | 184,000 | |
Expenses (including $20,500 interest and $39,600 income taxes) | 117,000 | |
Net income | $67,000 |
Additional information: | ||
1. | Common stock outstanding January 1, 2021 was 47,000 shares and 57,000 shares were outstanding at December 31, 2021. | |
2. | The market price of Pharoah, Inc., stock was $16 in 2021. | |
3. | Cash dividends of $17,560 were paid, $1,480 of which were to preferred stockholders. |
Compute the following measures for 2021: (Round Earnings per share to 2 decimal places, e.g. 52.75. Round other answers to 1 decimal place, e.g. 52.7.)
(a) | Earnings per share | $enter a dollar amount rounded to 2 decimal places | |||
---|---|---|---|---|---|
(b) | Price-earnings ratio | enter a number of times rounded to 1 decimal place | times | ||
(c) | Payout ratio | enter percentages rounded to 1 decimal place | % | ||
(d) | Times interest earned | enter a number of times rounded to 1 decimal place | times |
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