Here is the income statement for skysong, inc.
skysong, inc. income statement for the year ended december 31, 2022
sales revenue $404,100
cost of goods sold 234,000
gross profit 170,100
expenses (including $16,700 interest and $26,400 income taxes) 83,500
net income $ 86,600
additional information:
1. common stock outstanding january 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at december 31, 2022.
2. the market price of skysong stock was $14 in 2022.
3. cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders.
compute the following measures for 2022. (round all answers to 2 decimal places, e. g. 1.83 or 2.51%)
(a) earnings per share $enter earnings per share in dollars
(b) price-earnings ratio enter price-earnings ratio in times times
(c) payout ratio enter payout ratio in percentages % (d) times interest earned enter times interest earned times

Earnings per share

= Net income - Preferred dividend

 No of common stocks outstanding at the end

= $86,600 - $4,900

  37, 100 shares

= $2.20 per share

b. Price-earnings ratio

= Market price per share

  Earnings per share

= $14

  $2.20

= 6.36

c. Pay-out ratio

   = Ordinary dividend paid                 x 100

      Earnings after preferred dividend

   = $18,000 x 100

      $81,700

   =  22.03%  

c. Times interest earned

   = Earnings before interest and tax

              Interest expense

   = Net income + Interest expense+ Tax

             Interest expense    

  = $86,600 + $16,700 + $26,400

           $16,700  

 = 7.77 times                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

Explanation:

Earnings per share equals net income minus preferred dividend divided by number of common stocks outstanding at the end of the year.

Price-earnings ratio is market price price per share divided by earnings per share.

Pay-out ratio is ordinary dividend paid divided by earnings after preferred dividend.

Times interest earned is earnings before interest and tax divided by interest expense. Earnings before interest and tax equals net income plus interest expense plus income tax.

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol

wheres the chart? so i can answer.