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) 83,500 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.

Missing information:

(a) Earnings per share s (b) Price-earnings ratio (c) Payout ratio times (d) Times interest earned times

a) Earnings per share = $2.64

(b) Price-earnings ratio = 5.3

(c) Payout ratio times (you can calculate 3 payout ratios, the third type which is cash dividend payout ratio cannot be calculated because there is not enough information):

(d) Times interest earned times = 7.77

Explanation:

earnings per share (EPS) = (net income - preferred stock dividends) / average outstanding common shares

EPS = ($86,600 - $4,900) / 30,900 = $2.64

price earnings ratio = market price per share / earnings per share = $14 / $2.64 = 5.3

2 ways to calculate payout ratio times:

times interest earned = EBIT / interest expense

EBIT = net income + interest expense + income taxes = $86,600 + $16,700 + $26,400 = $129,700

times interest earned = $129,700 / $16,700 = 7.77

answer; (inseparability);

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.