a) Earning per share = (106000-6000)/20000 = 5 per share
b) Price earning ratio = MPS/EPS = 10/5 = 2
c) Payout ratio = (29680-6000)/100000 = 23.68%
d) Times interest earned ratio = (106000+10000+21500)/10000 = 13.75 Times
Question 6 x Your answer is incorrect. Try again. Here is the income statement for Myers,...
Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue $408,000 Cost of goods sold 218,000 Gross profit 190,000 Expenses (including $10,000 interest and $21,500 income taxes) 84,000 Net income $ 106,000 Additional information: 1. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. 2. The market price of Myers stock was $10.00 in 2020. 3. Cash dividends of $29,680...
Help me solve this Exercise 18-11 Your answer is incorrect. Try again. Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $30,000 income taxes) Net income $404,000 186,000 218,000 98,000 $ 120,000 Additional information: 1. 2. 3. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. The market...
Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $28,500 income taxes) Net income $424.000 226,000 198,000 96,000 $ 102,000 Additional information: 1. Common stock outstanding January 1, 2020, was 16,000 shares, and 24.000 shares were outstanding at December 31, 2020. 2. The market price of Myers stock was $20.37 in 2020. 3. Cash dividends of $24,480...
Question 8 Here is the income statement for Myers, Inc. CALCULATOR FULL SCREEN PRINTER Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $22,000 income taxes) Net income $450,000 196,000 254,000 98,000 $ 156,000 Additional information: 1. 2. 3. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. The market price of Myers stock was $12.24...
Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $23,000 income taxes) Net income $430,000 200,000 230,000 96,000 $ 134,000 Additional information: 1. 2. 3. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. The market price of Myers stock was $11.43 in 2020. Cash dividends of $28,140 were paid, $7,000 of which were to preferred...
CALCULATOR PULL SCREEN PRINTER VERSION BACK Exercise 18-11 Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $28,500 income taxes) $424,000 226,000 198,000 96,000 $ 102,000 Net Income Additional information: 1. 2. 3. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. The market price of Myers stock...
*Exercise 9-11 Here is the income statement for Myers, Inc. MYERS, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue $400,000 Cost of goods sold 230,000 Gross profit 170,000 Expenses (including $16,000 interest and $24,000 income taxes) 98,000 Net income $72,000 Additional information: Common stock outstanding January 1, 2017, was 32,000 shares, and 40,000 shares were outstanding at December 31, 2017. 2. The market price of Myers stock was $14 in 2017. 3. Cash dividends of $21,000...
CALCULATOR PRINTER VERSION MK NET Exercise 18-11 Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $22,000 income taxes) Net Income $450,000 195.000 254,000 98,000 $ 156,000 Additional information: 1. 2. 3. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020, The market price of Myers stock was...
Exercise 14-11 Your answer is partially correct. Try again. Here is the income statement for Myers, Inc.Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue $436,000 Cost of goods sold 214,000 Gross profit 222,000 Expenses (including $10,000 interest and $29,500 income taxes)100,000Net income $ 122,000 Additional information:1.Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020.2.The market price of Myers stock was $16.52 in 2020.3.Cash dividends of $24,400 ...
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...