Here is the income statement for Eberle, Inc.
EBERLE, INC.
Income Statement
For the Year Ended December 31, 2014 |
| Sales revenue |
$400,000 |
| Cost of goods sold |
230,000 |
| Gross profit |
170,000 |
| Expenses (including $16,000 interest and $24,000 income taxes) |
98,000 |
| Net income |
mce_markernbsp;72,000 |
Additional information:
| 1. |
Common stock outstanding January 1, 2014, was 32,000 shares, and 40,000 shares were outstanding at December 31, 2014. |
| 2. |
The market price of Eberle, Inc., stock was $14 in 2014. |
| 3. |
Cash dividends of $21,000 were paid, $5,000 of which were to preferred stockholders. |
Compute the following measures for 2014. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)
| (a) |
Earnings per share |
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| (b) |
Price-earnings ratio |
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| (c) |
Payout ratio |
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| (d) |
Times interest earned |
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