Question: Here is the income statement for Marin Inc. Additional information: 1. Common stock outstanding January 1,2022 , was 28,200 shares, and 39,700 shares were outstanding

Here is the income statement for Marin Inc. Additional information: 1. Common stock outstanding January 1,2022 , was 28,200 shares, and 39,700 shares were outstanding at December 31,2022. 2. The market price of Marin stock was $13 in 2022 . 3. Cash dividends of $20,100 were paid, $6,300 of which were to preferred stockholders. Compute the following measures for 2022. (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
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
