Reference no: EM132482664
MYERS, INC.
Income Statement
For the Year Ended December 31, 2020
Sales revenue $400,000
Cost of goods sold 230,000
Gross profit 170,000
Expenses (including $16,000 interest and $24,000 income taxes)98,000
Net income$ 72,000
Additional information:
1. Common stock outstanding January 1, 2020, was 32,000 shares, and 40,000 shares were outstanding at December 31, 2020.The market price of Myers stock was $14 in 2020.3.Cash dividends of $21,000 were paid, $5,000 of which were to preferred stockholders.
Question 1: Compute the following measures for 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
(a) Earnings per share $
(b) Price-earnings ratio times
(c) Payout ratio %
(d) Times interest earned times
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