1. Common stock outstanding January 1, 2019, was 27,600 shares, and 35,100 shares were outstanding at...
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1. Common stock outstanding January 1, 2019, was 27,600 shares, and 35,100 shares were outstanding at December 31, 2019. 2. The market price of Marin stock was $13 in 2019. 3. Cash dividends of $23,600 were paid, $4,100 of which were to preferred stockholders. Compute the following measures for 2019. (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 MARIN INC. Income Statement For the Year Ended December 31, 2019 Sales revenue $426,500 Cost of goods sold 215,400 Gross profit 211,100 Expenses (including $11,400 interest and $28,100 income taxes) 83,500 Net income $ 127,600 1. Common stock outstanding January 1, 2019, was 27,600 shares, and 35,100 shares were outstanding at December 31, 2019. 2. The market price of Marin stock was $13 in 2019. 3. Cash dividends of $23,600 were paid, $4,100 of which were to preferred stockholders. Compute the following measures for 2019. (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 MARIN INC. Income Statement For the Year Ended December 31, 2019 Sales revenue $426,500 Cost of goods sold 215,400 Gross profit 211,100 Expenses (including $11,400 interest and $28,100 income taxes) 83,500 Net income $ 127,600
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Answer a Weighted average shares outstanding 27600 35100 Share... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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