Business, 12.04.2021 21:10, nakiyapulley7466

Sage Hill Inc. SAGE HILL INC. Income Statement For the Year Ended December 31, 2020 Sales revenue $435,400
Cost of goods sold 228,500
Gross profit 206,900
Expenses (including $11,300 interest and $22,500 income taxes) 70,900
Net income $136,000

Additional information:
1. Common stock outstanding January 1, 2020, was 26,600 shares, and 38,600 shares were outstanding at December 31, 2020.
2. The market price of Sage Hill stock was $14 in 2020.
3. Cash dividends of $23,400 were paid, $5,000 of which were to preferred stockholders.

Compute the following measures for 2020.

a. Earnings per share
b. Price-earnings ratio
c. Payout ratio
d. Times interest earned

Answers: 3

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Sage Hill Inc. SAGE HILL INC. Income Statement For the Year Ended December 31, 2020 Sales revenue $...