Reference no: EM133123464
Question - Here is the income statement for Metlock, Inc.
Metlock, Inc. Income Statement For the Year Ended December 31, 2022
Sales Revenue $446,200
Cost of Goods Sold $211,400
Gross Profit $234,800
Expenses $76,100
(Including $16,400 interest & $28,500 income taxes)
Net Income $158,700
Additional Information:
1. Common Stock outstanding January 1, 2022, was 29,400 shares, and 36,500 shares were outstanding on December 31, 2022.
2. The market price of Metlock stock was $13 in 2022.
3. Cash dividends of $24,300 were paid, $4,400 of which were to preferred stockholders.
Compute the following measures for 2022.
a. Earnings per share $
b. Price-earnings ratio times
c. Payout Ratio %
d. Times Interest Earned times
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