Here is the income statement for Windsor, Inc.WINDSOR, INC.Income StatementFor the Year Ended December 31, 2020Sales revenue $420,100Cost of goods sold 235,100Gross profit 185,000Expenses (including $16,100 interest and $21,900 income taxes) 72,500Net income $ 112,500Additional information:1. Common stock outstanding January 1, 2020, was 22,400 shares, and 36,600 shares were outstanding at December 31, 2020.2. The market price of Windsor stock was $12 in 2020.3. Cash dividends of $22,600 were paid, $4,600 of which were to preferred stockholders.Compute the following measures for 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)(a) Earnings per share $enter a dollar amount (b) Price-earnings ratio enter Price-earnings ratio in times times(c) Payout ratio enter percentages %(d) Times interest earned enter Times interest earned times

The income statement for Windsor, Inc is given Required Compute the following measures for 20201.…

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Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 19E: Lyon Company shows the following condensed income statement information for the year ended December...

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Here is the income statement for Windsor, Inc.

WINDSOR, INC. Income Statement For the Year Ended December 31, 2020
Sales revenue		$420,100
Cost of goods sold		235,100
Gross profit		185,000
Expenses (including $16,100 interest and $21,900 income taxes)		72,500
Net income		$ 112,500

Additional information:

1.		Common stock outstanding January 1, 2020, was 22,400 shares, and 36,600 shares were outstanding at December 31, 2020.
2.		The market price of Windsor stock was $12 in 2020.
3.		Cash dividends of $22,600 were paid, $4,600 of which were to preferred stockholders.

Compute the following measures for 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)

(a)	Earnings per share	$enter a dollar amount
(b)	Price-earnings ratio	enter Price-earnings ratio in times	times
(c)	Payout ratio	enter percentages	%
(d)	Times interest earned	enter Times interest earned	times

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