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Here is the income statement for Splish Brothers Inc. SPLISH BROTHERS INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $449,100 Cost of goods sold 234,600 Gross profit 214,500 Expenses (including $15,800 interest and $25,800 income taxes) 82,585 Net income $131,915 Additional information: 1. Common stock outstanding January 1, 2022, was 28,200 shares, and 39,700 shares were outstanding at December 31, 2022. 2. The market price of Splish Brothers stock was $12.95 in 2022. 3. Cash dividends of $32,683 were paid, $6,300 of which were to preferred stockholders. Compute the following measures for 2022. (Round eamings per share to 2 decimol places, e.g 1.83 and ol other answers to 1 decim place, eg 18 or 25%) (a) Earnings per share 24 (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times

Here is the income statement for Splish Brothers Inc. SPLISH BROTHERS INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $449,100 Cost of goods sold 234,600 Gross profit 214,500 Expenses (including $15,800 interest and $25,800 income taxes) 82,585 Net income $131,915 Additional information: 1. Common stock outstanding January 1, 2022, was 28,200 shares, and 39,700 shares were outstanding at December 31, 2022. 2. The market price of Splish Brothers stock was $12.95 in 2022. 3. Cash dividends of $32,683 were paid, $6,300 of which were to preferred stockholders. Compute the following measures for 2022. (Round eamings per share to 2 decimol places, e.g 1.83 and ol other answers to 1 decim place, eg 18 or 25%) (a) Earnings per share 24 (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Here is the income statement for Splish Brothers Inc. SPLISH BROTHERS INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $449,100 Cost of goods sold 234,600 Gross profit 214,500 Expenses (including $15,800 interest and $25,800 income taxes) 82,585 Net income $131,915 Additional information: 1. Common stock outstanding January 1, 2022, was 28,200 shares, and 39,700 shares were outstanding at December 31, 2022. 2. The market price of Splish Brothers stock was $12.95 in 2022. 3. Cash dividends of $32,683 were paid, $6,300 of which were to preferred stockholders. Compute the following measures for 2022. (Round eamingrs per share to 2 decimal places, eg 1.83 and oll other answers to 1 decimal place, eg 18 or 2 5%) (a) Earnings per share 24 (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times
Transcribed Image Text:Here is the income statement for Splish Brothers Inc. SPLISH BROTHERS INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $449,100 Cost of goods sold 234,600 Gross profit 214,500 Expenses (including $15,800 interest and $25,800 income taxes) 82,585 Net income $131,915 Additional information: 1. Common stock outstanding January 1, 2022, was 28,200 shares, and 39,700 shares were outstanding at December 31, 2022. 2. The market price of Splish Brothers stock was $12.95 in 2022. 3. Cash dividends of $32,683 were paid, $6,300 of which were to preferred stockholders. Compute the following measures for 2022. (Round eamingrs per share to 2 decimal places, eg 1.83 and oll other answers to 1 decimal place, eg 18 or 2 5%) (a) Earnings per share 24 (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times
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