Answered step by step
Verified Expert Solution
Question
1 Approved Answer
unsure for the calculations on this! here the income statement for Marin Inc. MARIN INC. Income Statement For the Year Ended December 31, 2022 Sales
unsure for the calculations on this!
here the income statement for Marin Inc. MARIN INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $426,500 Cost of goods sold 215,400 Gross profit 211,100 83,5001 Expenses (including $11.400 interest and $28,100 income taxes) Net income $ 127,600 Additional information: 1. Common stock outstanding January 1, 2022, was 27,600 shares, and 35, 100 shares were outstanding at December 31, 2022. 2 The market price of Marin stock was $13 in 2022. 3. Cash dividends of $23,600 were paid, 54,100 of which were to preferred stockholders. Compute the following measures for 2022. (Round all answers to 2 decimal places, es 1.83 or 2.51%) (a) Earnings per share $ 407 (b) Price-earnings ratio c) Payout ratio (d) Times Interest earned eTextbook and Media Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started