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Question 24;Your answer is incorrect. Try again.;Here is the income statement for Eberle, Inc.;EBERLE, INC.;Income Statement;For the Year Ended December...

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Question 24;Your answer is incorrect. Try again.;Here is the income statement for Eberle, Inc.;EBERLE, INC.;Income Statement;For the Year Ended December 31, 2014;Sales revenue $405,100;Cost of goods sold 230,600;Gross profit 174,500;Expenses (including $15,900 interest and $26,900 income taxes) 93,300;Net income $ 81,200;Additional information;1. Common stock outstanding January 1, 2014, was 22,600 shares, and 35,500 shares were outstanding at December 31, 2014.;2. The market price of Eberle, Inc., stock was $12 in 2014.;3. Cash dividends of $20,700 were paid, $4,900 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 $;(b) Price-earnings ratio times;(c) Payout ratio %;(d) Times interest earned times

 

Paper#81533 | Written in 18-Jul-2015

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