Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Expenses (including $16,700 interest and $26,400 income taxes) _83,500 Net income $404,100 234,000 170,100 86,600 Additional information: 1. Common stock outstanding January 1, 2017, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2017 2. The market price of Skysong stock was $14 in 2017. 3. Cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders. Compute the following measures for 2017 Round earnings per share to 2 decimal places e g 1 83 and all other a swers t 1 decima piace, e9-18 or 2.5% (a) Earnings per share s (b) Price-earnings ratio (c) Payout ratio times (d) Times interest earned times

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?

Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii