Question: Please answer problem #10, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Here is the income statement for Metlock, Inc. $ 449,500 METLOCK, INC.

Please answer problem #10, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!
Please answer problem #10, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank

Here is the income statement for Metlock, Inc. $ 449,500 METLOCK, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Expenses (including $ 11,700 interest and $ 29,700 income taxes) Net income 211,500 238,000 78,800 $ 159,200 Additional information: 1. 2. Common stock outstanding January 1, 2022, was 22,400 shares, and 37,300 shares were outstanding at December 31, 2022. The market price of Metlock stock was $ 13 in 2022. Cash dividends of $ 22,600 were paid $ 4.900 of which were to preferred stockholders. 3. Compute the following measures for 2022. (Round all answers to 2 decimal places, eg 1.83 or 2.51%) (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio %6 (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!