Here is the income statement for Bramble, Inc. Bramble, Inc. Income Statement For the Year...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Here is the income statement for Bramble, Inc. Bramble, Inc. Income Statement For the Year Ended December 31, 2022 $422,000 Net sales 186,000 236,000 Cost of goods sold Gross profit Expenses (including $10,000 interest and $22,000 income taxes) 104,000 $ 132,000 Net income Additional information: 1 Common stock outstanding January 1, 2022 was 29.000 shares and 33,000 shares were outstanding at December 31, 2022 (Use a simple average for weighted average) The market price of Bramble stock was $20 on December 31, 2022 Cash dividends of $26,220 were declared and paid. 2 3 Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, es. 1.65, and all other answers to 1 decimal place, 3.6.8 or 6.8%) (a) Earnings per share $ (b) b Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times
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: Zin AI - Your personal assistant for all your inquiries!
