income statement for Kingbird,I KINGBIRD, INC. Income Statement For the Year Ended December 31, 2017...
70.2K
Verified Solution
Link Copied!
Question
Accounting
income statement for Kingbird,I KINGBIRD, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $20,000 income taxes) Net income $400,000 200,000 200,000 70,000 $150,000 Additional information: Common stock outstanding January 1, 2017, was 20,000 shares, and 35,000 shares were outstanding at December 31, 2017 2 The market price of Kingbird stock was $12 in 2017 3. Cash dividends of $19,000 were paid, $3,000 of which were to preferred stockholders. compute the following measures for 2017. (Round all answers to 2 decimal places, eg. 1.83 or 2.51%) (a) Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times times
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.