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the income statement for the carolina service company for the year ended december 31, 2020, appears below I received 2 different answers please help The
the income statement for the carolina service company for the year ended december 31, 2020, appears below
I received 2 different answers please help
The income statement for the Carolina Service Company for the year ended December 31,2022 , appears below. "Includes $25,000 of interest expense and $20,000 of income tax expense. Additional information: 1. Common stock outstanding on January 1, 2022, was 50,000 shares. On July 1,2022,10,000 more shares were issued. 2. The market price of Carolina's stock was $22 at the end of 2022 . 3. Cash dividends of $35,000 were paid, $5,000 of which were paid to preferred stockholders. Compute the following ratios for 2022: (Round eamings per share to 2 decimal places, e.8. 2.25 and all other answers to 1 decimal place eg. 15.5. ) (a) Earnings per share $ (b) Price-earnings times (c) Times interest earned timesStep by Step Solution
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