Question

Here is the income statement for Eberle, Inc.


Additional information:
1. Common stock outstanding January 1, 2014, was 32,000 shares, and 40,000 shares were outstanding at December 31, 2014.
2. The market price of Eberle, Inc., stock was $14 in 2014.
3. Cash dividends of $21,000 were paid, $5,000 of which were to preferred stockholders.

Instructions
Compute the following measures for 2014.
(a) Earnings per share.
(b) Price-earnings ratio.
(c) Payout ratio.
(d) Times interestearned.


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  • CreatedApril 07, 2014
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