Business, 05.05.2020 09:07 ella3714

Here is the income statement for Windsor, Inc.
WINDSOR, INC.
Income Statement
For the Year Ended December 31, 2017
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, 2017, was 22,400 shares, and 36,600 shares were outstanding at December 31, 2017.
2. The market price of Windsor stock was $12 in 2017.
3. Cash dividends of $22,600 were paid, $4,600 of which were to preferred stockholders.
Required:
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 times
(c) Payout ratio
(d) Times interest earned times

Answers: 2

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Here is the income statement for Windsor, Inc.
WINDSOR, INC.
Income Statement
Fo...

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