Sandhill, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $402,900 Cost of...
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Sandhill, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $402,900 Cost of goods sold 256,700 Gross profit 146,200 Expenses (including $10,200 interest and $29,600 income taxes) 89,200 Net income $57,000 Additional information: 1. Common stock outstanding January 1, 2025, was 30,000 shares, and 39,000 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) 2. The market price of Sandhill stock was $15 on December 31, 2025. 3. Cash dividends of $24,700 were declared and paid. Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, eg. 1.8 or 2.5%.) a. Earnings per share $ b. Price-earnings ratio C Payout ratio d. Times interest earned eTextbook and Media times % times Sandhill, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $402,900 Cost of goods sold 256,700 Gross profit 146,200 Expenses (including $10,200 interest and $29,600 income taxes) 89,200 Net income $57,000 Additional information: 1. Common stock outstanding January 1, 2025, was 30,000 shares, and 39,000 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) 2. The market price of Sandhill stock was $15 on December 31, 2025. 3. Cash dividends of $24,700 were declared and paid. Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, eg. 1.8 or 2.5%.) a. Earnings per share $ b. Price-earnings ratio C Payout ratio d. Times interest earned eTextbook and Media times % times
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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