The income statement for Misbah Corporation appears below. Income Statement Data for the year ended December 31, 2018 Net Sales Rs. 400,000 Cost of Goods Sold 235,000 Gross Profit 165,000 Expenses (including Rs. 14,000 interest and Rs. 17,000 income taxes) 105,000 Net Income 60,000 Additional Information 1. The weighted average common shares outstanding in 2018 were 30,000 shares 2. The market price of company stock was Rs. 10.80 in 2018 3. Cash dividends of Rs. 21,000 were paid Instructions: Compute the following ratios for 2018 (a)Earnings per share (b)Price Earnings Ratio (c) Dividend per share
The income statement for Misbah Corporation appears below. Income Statement Data for the year ended December 31, 2018 Net Sales Rs. 400,000 Cost of Goods Sold 235,000 Gross Profit 165,000 Expenses (including Rs. 14,000 interest and Rs. 17,000 income taxes) 105,000 Net Income 60,000 Additional Information 1. The weighted average common shares outstanding in 2018 were 30,000 shares 2. The market price of company stock was Rs. 10.80 in 2018 3. Cash dividends of Rs. 21,000 were paid Instructions: Compute the following ratios for 2018 (a)Earnings per share (b)Price Earnings Ratio (c) Dividend per share
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.16E
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The income statement for Misbah Corporation appears below.
Income Statement Data for the year ended December 31, 2018
Net Sales Rs. 400,000
Cost of Goods Sold 235,000
Gross Profit 165,000
Expenses (including Rs. 14,000 interest and Rs. 17,000 income taxes) 105,000
Net Income 60,000
Additional Information
1. The weighted average common shares outstanding in 2018 were 30,000 shares
2. The market price of company stock was Rs. 10.80 in 2018
3. Cash dividends of Rs. 21,000 were paid
Instructions: Compute the following ratios for 2018
(a)Earnings per share (b)Price Earnings Ratio (c) Dividend per share
(c)Payout Ratio (d) Times Interest Earned (f) Dividend Yield
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