Question: ( c ) The income statement for the year ended December 3 1 , 2 0 X 4 information is given below: Net sales Taka

(c) The income statement for the year ended December 31,20X4 information is given below:
Net sales Taka 400,000; Cost of goods sold 230,000; Expenses (including Taka 16,000
interest and Taka 24,000 income taxes)105,000.
Additional information:
(1) The weighted-average common shares outstanding in 20X4 were 30,000 shares.
(2) The market price of S Ltd. stock was Taka 13 in 20X4.
(3) Cash dividends of Taka 26,000 were paid, Taka 5,000 of which were to preferred
stockholders.
Instructions:
Compute the following ratios for 20X4.
(i) Earnings per share.
(ii) Price-earnings ratio.
(iii) Payout ratio.
(iv) Times interest earned.
 (c) The income statement for the year ended December 31,20X4 information

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