Net sales
$422,000
Cost of goods sold
186,000
Gross profit
236,000
Expenses (including $10,000 interest and $22,000 income taxes)
104,000
Net income
$132,000
Additional information:
1. Common stock outstanding January 1, 2022, was 29,000 shares, and 33,000 shares were outstanding at December 31, 2022.
(Use a simple average for weighted-average.)
2. The market price of Bramble stock was $20 on December 31, 2022
3. Cash dividends of $26,220 were declared and paid.
Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1
decimal place, e.g. 6.8 or 6.8%).
(a) Earnings per share
$
(b) Price-earnings ratio
times
(c) Payout ratio
%
