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Business, 01.03.2021 23:10 pattydixon6

Here is the income statement for Windsor, Inc. WINDSOR, INC. Income Statement For the Year Ended December 31, 2022 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, 2022, was 22,400 shares, and 36,600 shares were outstanding at December 31, 2022. 2. The market price of Windsor stock was $12 in 2022. 3. Cash dividends of $22,600 were paid, $4,600 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 3.66 (b) Price-earnings ratio enter price-earnings ratio in times 3.28 times (c) Payout ratio enter payout ratio in percentages 19.8 % (d) Times interest earned enter times interest earned 9.35 times

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