Here is the income statement for shamrock, Inc.

Additional Information:

1. Common stock outstanding January 1, 2017, was 29,100 shares, and 39,900 shares were outstanding at December 31, 2017.

2. The market price of shamrock stock was $14 in 2017.

3. Cash dividends of $25,000 were paid, $4,500 of which were to preferred stockholders.

Compute the following measures for 2017.

(a) Earnings per share $..........

(b) Price-earnings ratio??? times

(c) Payout ratio ???. %

(d) Times interest earned ??? Times

Transcribed Image Text:

SHAMROCK, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Expenses (including $16,700 interest and $22,900 income taxes) Net income $417,000 223,000 194,000 79,000 $ 115,000 SHAMROCK, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Expenses (including $16,700 interest and $22,900 income taxes) Net income $417,000 223,000 194,000 79,000 $ 115,000

Answer rating: 100% (QA)

Weighted average share outstanding 29100 399002 345... View the full answer