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The income statement for Mary Hatch, Inc., appears below. MARY HATCH, INC. Income Statement For the Year Ended December 31, 2012 Net sales $400,000 Cost of goods sold 230,000 Gross profit 170,000 Expenses (including $16,000 interest and $24,000 income taxes) 105,000 Net income $ 65,000 Additional information:

1. The weighted-average common shares outstanding in 2012 were 30,000 shares.

2. The market price of Mary Hatch, Inc. stock was $13 in 2012.

3. Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders. Compute the following ratios for 2012. Earnings per share, price-earning, pay-out, times interest earned

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9955244

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