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(b) Payout ratio(c) Times interest earned

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

borrow money from the government then pay the government back 5k