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Exercise 14-11 Here is the income statement for Myers, Inc. Myers,...

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Accounting

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Exercise 14-11 Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue 5416,000 Cost of goods sold 190,000 Gross profit 218,000 Expenses (including $10,000 interest and $26,000 income taxes) 36.000 Net income $ 132,000 by Study 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 $13.75 in 2020 Cash dividends of $29,040 were paid, $7,000 of which were to preferred stockholders. Compute the following measures for 2020. (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 (d) Times interest earned times

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