Vaughn, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $424,000 Cost of...

 

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Vaughn, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $424,000 Cost of goods sold 188,000 Gross profit 236,000 Expenses (including $10,000 interest and $26,000 income taxes) 103,000 Net income $133,000 Additional information: 1. Common stock outstanding January 1, 2022, was 49,200 shares, and 53,200 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) 2. The market price of Vaughn stock was $19 on December 31, 2022 3. Cash dividends of $23.460 were declared and paid. Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share $ (b) Price-earnings ratio (c) Payout ratio 2.14 8.9 times 17.6 % Vaughn, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $424,000 Cost of goods sold 188,000 Gross profit 236,000 Expenses (including $10,000 interest and $26,000 income taxes) 103,000 Net income $133,000 Additional information: 1. Common stock outstanding January 1, 2022, was 49,200 shares, and 53,200 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) 2. The market price of Vaughn stock was $19 on December 31, 2022 3. Cash dividends of $23.460 were declared and paid. Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share $ (b) Price-earnings ratio (c) Payout ratio 2.14 8.9 times 17.6 %

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