Reference no: EM132472079
Here is the income statement for Skysong, Inc.
SKYSONG, INC.
Income Statement
For the Year Ended December 31, 2020
Sales revenue $404,100
Cost of goods sold 234,000
Gross profit 170,100
Expenses (including $16,700 interest and $26,400 income taxes) 83,500
Net income $ 86,600
Additional information:
1. Common stock outstanding January 1, 2020, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2020.
2. The market price of Skysong stock was $14 in 2020
3. Cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders.
Question 1: Compute the following measures for 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
(a) Earnings per share$
(b) Price-earnings ratio
(c) Payout ratio
(d) Times interest earned
|
Why does the financial services industry rely on policies
: Why does the financial services industry rely on policies, procedures, and codes of practice regarding accounting and bookkeeping?
|
|
What is ending accumulated E and P
: Current E&P = 30,000 and accumulated E&P is a deficit of $20,000. The distributions are same as part D. What if the distribution in part C is $1,000 instead?
|
|
What are the rest of the tax results to B
: Accumulated E&P = $15,000. Current E&P = $(12,000). Current E&P is incurred ratably through the year. Distribution = $10,000 on September 1
|
|
What challenges and strengths or weaknesses for stocks
: You should have a total of six ratios for each stock, per year. What challenges, strengths, or weaknesses do you see? Please be articulate.
|
|
Compute the earnings per share and price-earnings ratio
: Compute the Earnings per share, Price-earnings ratio measures for 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
|
|
KV7002 Human-Computer Interaction for Social Change
: KV7002 Human-Computer Interaction for Social Change Assignment Help and Solution, Northumbria University - Assessment Writing Service
|
|
Compute the profit margin ratios
: Compute the ratios for 2020. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%)
|
|
Compute the accounts receivable turnover ratio
: Compute the Accounts receivable turnover ratio at December 31, 2020.(Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83)
|
|
Prepare consolidation statement of financial position
: Prepare consolidation statement of financial position, consolidated statement of profit or loss and other comprehensive income and the partial consolidated
|