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Question
Here is the income statement for Gillman, Inc.
Additional information:
1. Common stock outstanding January 1, 2012, was 30,000 shares, and 40,000 shares were outstanding at December 31, 2012.
2. The market price of Gillman, Inc., stock was $15.20 in 2012.
3. Cash dividends of $16,000 were paid, $4,500 of which were to preferred stockholders.
Instructions
Compute the following measures for 2012.
(a) Earnings per share.
(b) Price-earnings ratio.
(c) Payout ratio.
(d) Times interest earned ratio.
Answer
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