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