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The income statement for the Carolina Service Compamy for the year ended December 31, 2020, appears below. Includes $25,000 of interest expense and $20,000 of
The income statement for the Carolina Service Compamy for the year ended December 31, 2020, appears below. "Includes $25,000 of interest expense and $20,000 of income tax expense. Additional information: 1. Comtnon steck outstanding on January 1,2020, was 50,000 shares. On July 1, 2020, 10,000 more shares were issued. 2. The market price of Carolina's stock was $22 at the end ot 2020. 3. Cash dividends of 535,000 were paid, $5,000 of which were paid to preferred stockholders. *includes $25,000 of interest expence and $20,000 of income tax expense. Additional intormation: Compute the following ratios for 2020: (Round eamings per share to 2 decimal ploces es. 2.25 and all other answers to 1 decimal place eg. 15.5)
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