Question: Here is the income statement for Windsor, Inc. WINDSOR, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $423,000 Cost of goods

Here is the income statement for Windsor, Inc.

WINDSOR, INC.

Income Statement For the Year Ended December 31, 2022

Sales revenue $423,000

Cost of goods sold 232,600

Gross profit 190,400

Expenses (including $11,100 interest and $25,500 income taxes) 77,500 Net income $ 112,900

Additional information: 1. Common stock outstanding January 1, 2022, was 21,800 shares, and 37,900 shares were outstanding at December 31, 2022.

2. The market price of Windsor stock was $13 in 2022.

3. Cash dividends of $20,300 were paid, $6,900 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

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