Here is the income statement for Teal Mountain Inc. TEAL MOUNTAIN INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $431,600 Cost of


Here is the income statement for Teal Mountain Inc.
TEAL MOUNTAIN INC.
Income Statement
For the Year Ended December 31, 2022
Sales revenue
$431,600
Cost of goods sold
234,300
Gross profit
197,300
Expenses (including $16,200 interest and $22,500 income taxes)
75,200
Net income
$ 122,100
Additional information:
1. Common stock outstanding January 1, 2022, was 26,700 shares, and 36,000 shares were outstanding at December 31, 2022.
2. The market price of Teal Mountain stock was $13 in 2022.
3. Cash dividends of $24,200 were paid, $6,600 of which were to preferred stockholders.
Compute the following measures for 2022. (Round all answers to 2 decimal places, e. g. 1.83 or 2.51%)
(a) Earnings per share
$enter earnings per share in dollars
(b) Price-earnings ratio
enter price-earnings ratio in times
times
(c) Payout ratio
enter payout ratio in percentages
%
(d) Times interest earned
enter times interest earned
times


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