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

Here is the income statement for Metlock, Inc. Additional information: 1. Common stock outstanding January 1, 2022, was 28,200 shares, and 39,700 shares were outstanding at December 31,20 2. The market price of Metlock stock was $12.95 in 2022 . 3. Cash dividends of $32,683 were paid, $6,300 of which were to preferred stockholders. 1. Common stock outstanding January 1,2022, was 28,200 shares, and 39,700 shares were outstanding at Decernber 31,2022 2. The market price of Metlock stock was $12.95 in 2022 3. Cash dividends of $32,683 were paid, $6,300 of which were to preferred stockholders. Compute the following measures for 2022. (Round eamings per share to 2 decimal ploces, es 1.83 and all other answers to 1 decimal ploce. cs.1.8 or 2.5% (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio 86 (d) Times interest earned times

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!