Here is the income statement for Vaughn, Inc. Vaughn, Inc. Income Statement For the Year...
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Here is the income statement for Vaughn, Inc. Vaughn, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $416,000 Cost of goods sold 198,000 Gross profit 218,000 Expenses (including $10,000 interest and $26,000 income taxes) 93,000 Net income $ 125,000 Additional information: 1. Common stock outstanding January 1, 2022, was 27,250 shares, and 31,250 shares were outstanding at December 31, 2022. (Use a simple average for weighted average.) 2. The market price of Vaughn stock was $20 on December 31, 2022 3. Cash dividends of $29,040 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 % (d) Times interest earned times
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