Business, 05.05.2020 04:46 talia43

Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Expenses (including $16,700 interest and $26,400 income taxes) _83,500 Net income $404,100 234,000 170,100 86,600 Additional information: 1. Common stock outstanding January 1, 2017, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2017 2. The market price of Skysong stock was $14 in 2017. 3. Cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders. Compute the following measures for 2017 Round earnings per share to 2 decimal places e g 1 83 and all other a swers t 1 decima piace, e9-18 or 2.5% (a) Earnings per share s (b) Price-earnings ratio (c) Payout ratio times (d) Times interest earned times

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 16:30

Eager, a tipped employee, reported to his employer that he had received $320 in tips during march. on the next payday, april 4, he was paid his regular salary of $250. the amount of oasdi taxes to withhold from eager’s pay is a. $19.84 b. $15.50 c. $35.34 d. $43.61 e. none of the above. 2 points

Answers: 1

Answer

Business, 22.06.2019 09:40

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?

Answers: 2

Answer

Business, 22.06.2019 10:40

At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:

Answers: 1

Answer

Business, 22.06.2019 11:10

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na

Answers: 1

Answer

You know the right answer?

Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended Dec...

Questions