Reference no: EM132476085
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.
2.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
|
Prepare a balance sheet for rogers corp
: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $139,000; Patents and copyrights = $630,000
|
|
Determine how you would maximize your score
: Think about this from a cost-benefit analysis perspective to determine how you would maximize your score.
|
|
What would operational testers use to assess
: What would operational testers use to assess whether a system meets usability, reliability, and maintainability parameters? live fire test and evaluation
|
|
Determine the net income that wildhorse company
: Determine the net income that Wildhorse Company reported for December 2020. Wildhorse reports financial information monthly.
|
|
Compute the price-earnings ratio times
: Compute the Price-earnings ratio times, Times interest earned times measures for 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
|
|
Components of the changes in consumer surplus
: Producer surplus and total surplus; i.e. what each component represents. What happens if the minimum wage is set below the free market price
|
|
Identify determine how much of the assets held by cutlery
: Identify Determine how much of the assets held by The Cutlery are owned by the owner, Joanne Cardinal. income statement for August.
|
|
What is a monopolistically competitive market structure
: What Is a monopolistically competitive market structure, and how does it specifically differentiate one product from another product in the market?
|
|
What is the? profit-maximizing price of? e-books relating
: In the short? run, to the nearest? cent, what is the? profit-maximizing price of? e-books relating to? do-it-yourself topics?
|