Business, 13.05.2020 12:57 andybiersack154

Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue $424,000 Cost of goods sold 226,000 Gross profit 198,000 Expenses (including $10,000 interest and $28,500 income taxes) 96,000 Net income $ 102,000 Additional information: 1. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. 2. The market price of Myers stock was $20.37 in 2020. 3. Cash dividends of $24,480 were paid, $5,000 of which were to preferred stockholders. Compute the following measures for 2020. (Round Earnings per share to 2 decimal places, e. g. 1.65, and all other answers to 1 decimal place, e. g. 6.8 or 6.8%.) (a) Earnings per share $ (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times LINK TO TEXT

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Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended Decembe...

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