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WINDSOR, INC. Income Statement For the Year Ended December 31, 2019 Sales revenue $420,100 Cost of goods sold | 235,100 Gross profit 185,000 Expenses (including
WINDSOR, INC. Income Statement For the Year Ended December 31, 2019 Sales revenue $420,100 Cost of goods sold | 235,100 Gross profit 185,000 Expenses (including $16,100 interest and $21,900 income taxes) 72,500 Net income $ 112,500 Additional information: 1. Common stock outstanding January 1, 2019, was 22,400 shares, and 36,600 shares were outstanding at December 31, 2019. 2. The market price of Windsor stock was $12 in 2019. 3. Cash dividends of $22,600 were paid, $4,600 of which were to preferred stockholders. Compute the following measures for 2019. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per shared ce-earnings ratio times (c) Payout ratio (d) Times interest earned times
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