Here is the income statement for Blue Spruce, Inc BLUE SPRUCE, INC. Income Statement For...

60.1K

Verified Solution

Question

Accounting

image
image
Here is the income statement for Blue Spruce, Inc BLUE SPRUCE, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Expenses (including $11,600 interest and $21,200 income taxes) Net Income $401,000 250,000 151,000 98,000 $53,000 Additional information: 1. Common stock outstanding January 1, 2022, was 40,800 shares, and 32.700 shares were outstanding at December 31, 2022 The market price of Gillman, Inc., stock was $17 in 2022 Cash dividends of $16.100 were paid, $6,180 of which were to preferred stockholders. 2 3. Additional information: 1. Common stock outstanding January 1, 2022, was 40,800 shares, and 32,700 shares were outstanding at December 31, 2022 The market price of Gillman, Inc, stock was $17 in 2022. Cash dividends of $16,100 were paid $6,180 of which were to preferred stockholders. 2 3 Compute the following measures for 2022. (Round to 2 decimal places, eg, 17.54% or 6.25: 1 or $2.66.) $ (a) Earnings per share times (b) Price-earnings ratio (c) Payout ratio (d) times Times interest earned

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students