Business, 24.05.2021 14:00, bnbjj

MARIN INC. Income Statement For the Year Ended December 31, 2020 Sales revenue $425,500
Cost of goods sold 240,400
Gross profit 185,100
Expenses (including $12,000 interest and $26,000 income taxes) 75,400
Net income $109,700

Additional information:
1. Common stock outstanding January 1, 2022, was 26,300 shares, and 36,100shares were outstanding at December 31, 2022.
2. The market price of Marin stock was $14 in 2022.
3. Cash dividends of $24,000 were paid, $3,600 of which were to preferred stockholders.

Compute the following measures for 2022:
a. Earnings per share
b. Price-earnings ratio
c. Payout ratio
d. Times interest earned

Answers: 3

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MARIN INC. Income Statement For the Year Ended December 31, 2020 Sales revenue $425,500
Cost...