Question: Here is the income statement for Ivanhoe, Inc. Ivanhoe, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $404,000 Cost of goods

Here is the income statement for Ivanhoe, Inc. Ivanhoe, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $404,000 Cost of goods sold 242,400 Gross profit 161,600 Expenses (including $10,000 interest and $30,000 income taxes) 113,600 Net income $ 48,000 Additional information: 1 Common stock outstanding January 1, 2022, was 16,000 shares, and 24,000 shares were outstanding at December 31, (Use a simple average for weighted average.) The market price of Ivanhoe stock was $12 on December 31, 2022. Cash dividends of $16,320 were declared and paid. 2. 3 Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decima eg. 6.8 or 6.8%) (a) Earnings per share $ (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times

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