Question: Here is the income statement for shamrock, Inc. Additional Information: 1. Common stock outstanding January 1, 2017, was 29,100 shares, and 39,900 shares were outstanding

Here is the income statement for shamrock, Inc.

SHAMROCK, INC. Income Statement For the Year Ended December 31, 2017 Sales

Additional Information:

1. Common stock outstanding January 1, 2017, was 29,100 shares, and 39,900 shares were outstanding at December 31, 2017.

2. The market price of shamrock stock was $14 in 2017.

3. Cash dividends of $25,000 were paid, $4,500 of which were to preferred stockholders.

Compute the following measures for 2017.

(a) Earnings per share $..........

(b) Price-earnings ratio??? times

(d) Times interest earned ??? Times

SHAMROCK, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Expenses (including $16,700 interest and $22,900 income taxes) Net income $417,000 223,000 194,000 79,000 $ 115,000

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