Question: Here is the income statement for Cramer, Inc. CRAMER, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $400,000 Cost of goods

Here is the income statement for Cramer, Inc. CRAMER, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $400,000 Cost of goods sold 250,000 Gross profit 150,000 Expenses (including $12,000 interest and $22,000 income taxes) 100,000 Net income $ 50,000 Additional Information: 1. Common Stock outstanding January 1, 2022 was 30000 shares and 40000 shares were outstanding at Dec 31, 2022. 2. The market price of Cramer, Inc. stock was $15.86 in 2022. 3. Cash dividends of $16000 were paid, ($4500 of it going to Preferred share hold Instructions Compute the following measures for 2022. (a) Earnings per share. (b) Price-earnings ratio. (c) Payout ratio. (d) Times interest earned.

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