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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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