Here is the income statement for Tamarisk, Inc. TAMARISK, INC.
Income Statement
For the Year Ended December 31, 2022
Sales revenue $419,200
Cost of goods sold 251,500
Gross profit 167,700
Expenses (including $14,200 interest and $28,000 income taxes) 73,500
Net income $ 94,200
Additional information:
1. Common stock outstanding January 1, 2022, was 24,400 shares, and 39,100 shares were outstanding at December 31, 2022.
2. The market price of Tamarisk stock was $12 in 2022.
3. Cash dividends of $22,800 were paid, $5,300 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 $enter earnings per share in dollars
(b) Price-earnings ratio enter price-earnings ratio in times times
(c) Payout ratio enter payout ratio in percentages %
(d) Times interest earned enter times interest earned times