Finding times interest earned

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Reference no: EM131837544

Question: Here is the income statement for Myers, Inc.

Additional information: 1. Common stock outstanding January 1, 2017, was 32,000 shares, and 40,000 shares were outstanding at December 31, 2017.

2. The market price of Myers stock was $14 in 2017.

3. Cash dividends of $21,000 were paid, $5,000 of which were to preferred stockholders.

Instructions Compute the following measures for 2017.

(a) Earnings per share.

(b) Price-earnings ratio.

(d) Times interest earned.

Reference no: EM131837544

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