Question: Please help explain how to work this problem. MLCULATOR PR1 lllTEIi Exercise 1311 Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement

Please help explain how to work this problem.

Please help explain how to work this problem. MLCULATOR PR1 lllTEIi Exercise

MLCULATOR PR1 lllTEIi Exercise 1311 Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $404,100 Cost of goods sold 234,000 Gross profit 170,100 Expenses (including $16,700 interest and $26,400 income taxes) 33:500 Net income $ 86,600 Additional information: 1. Common stock outstanding January 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2022. 2. The market price of Skysong stock was $14 in 2022. 3. Cash dividends of $22,900 were paid, $4,900 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 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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