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The income statement for Sheridan, Inc. is as follows: Additional information: 1. Common stock outstanding January 1,2021 was 37,000 shares and 47,000 shares were outstanding
The income statement for Sheridan, Inc. is as follows: Additional information: 1. Common stock outstanding January 1,2021 was 37,000 shares and 47,000 shares were outstanding at December 31 , 2021. 2. The market price of Sheridan, Inc., stock was $16 in 2021. 3. Cash dividends of $16,920 were paid, $3,240 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 $ (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times
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