JileyPLUS Weygandt, Accounting Principles, 13e me Read, Study & Practice Assignment Gradebook ORION Downloadable eTextbook ssignment > Open Assignment Exercise 18-11 Here is the income statement for Myers, Inc. SSIGNMENT RESOURCES Chapter 18 Homework Brief Exercise 18-11 al a2 Brief Exercise 18.11b (Essay) Brief Exercise 18-12 01 Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue $436,000 Cost of goods sold 192,000 Gross profit 244,000 Expenses (including $10,000 interest and $24,000 income taxes) 94.000 Net income $ 160,000 Brief Exercise 18-12 (Essay) Problem 1.OSA z Problem 18-OSAL ESSAY brercise 18-11 F10-02 Do Itu Review 18-01 Additional information: Review Score Review Results by Study Objective 1. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020 2. The market price of Myers stock was $12.40 in 2020. 3. Cash dividends of $28,800 were paid, $5,000 of which were to preferred stockholders. Compute the following measures for 2020. (Round Earnings per share to 2 decimal places. e.g. 1.65, and all other answers to 1 decimal place e (a) Earnings per share $ (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned wife with which Licensement soli. I 2000-2020 Wien All Rights Reserved. A O Type here to search