Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. here is the income statement for marin inc. marin

Here is the income statement for Marin Inc. MARIN INC. Income Statement For the Year...

80.2K

Verified Solution

Question

Accounting

image

Here is the income statement for Marin Inc. MARIN INC. Income Statement For the Year Ended December 31, 2022 $449,100 Sales revenue 234,600 Cost of goods sold Gross profit 214,500 85,000 Expenses (including $15,800 interest and $25,800 income taxes) $129,500 Net income Additional information: Common stock outstanding January 1, 2022, was 28,200 shares, and 39,700 shares were outstanding at December 31, 2022 1. The market price of Marin stock was $13 in 2022. 2. Cash dividends of $20,100 were paid, $6,300 of which were to preferred stockholders. 3. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) $ (a) Earnings per share (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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

In the period since the financial crisis of 2007-2009, inflation has been low in many countries,...

Physics
1.2K views

American football uses a field that is 100.0 yd long, whereas a soccer field is 100.0...

Physics
1.2K views

1. A 7.00 kg sled is initially at rest on a frictionless horizontal road. The sled...

Physics
1.2K views

According to Galileo in The Assayer, the “book” of the universe “cannot be understood unless one...

Statistics
1.2K views

888 A pair of dice are rolled a How many total outcomes are possible b...

Calculus
1.2K views

Find the power series expansions for the following functions and specify for which x-values the...

Algebra
1.2K views

Evaluate the sum ?=??? 4(1/5)?- .You should give an exact answer (as a fraction), not...

Accounting
1.2K views

Accounting 201 Bank Reconciliation Problems 7-4A On August 31, Kravsnik Company receives its bank statement....

Accounting
1.2K views

Nikkel Corporation, una empresa de comercializacin, inform los siguientes resultados de julio: Ventas $452,000...

Accounting
1.2K views

Single misstatement in accounts should be less than tolerable misstatement. * True False Analytical procedures...

Finance
1.2K views

The IRR evaluation method assumes that cash flows from the project are reinvested at the...

Finance
1.2K views

Brandon is an analyst at a wealth management firm. One of his clients holds a...