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  • Here Is The Income Statement For Swayze Inc Swayze Inc

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    M Bilal Saleem
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    Swayze Inc. reported $400,000 in sales and $80,000 in net income for the year ended December 31, 2010. Cost of goods sold was $230,000 and expenses totaled $90,000. Common stock outstanding increased from 30,000 shares to 40,000 shares over the year, and the stock price was $17.60 per share in 2010. Cash dividends of $21,000 were paid out.

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    here is the Income Statement for Swayze Inc Swayze Inc

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    Swayze Inc. reported $400,000 in sales and $80,000 in net income for the year ended December 31, 2010. Cost of goods sold was $230,000 and expenses totaled $90,000. Common stock outstanding increased from 30,000 shares to 40,000 shares over the year, and the stock price was $17.60 per share in 2010. Cash dividends of $21,000 were paid out.

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    8 views1 page

    Here Is The Income Statement For Swayze Inc Swayze Inc

    Uploaded by

    M Bilal Saleem
    Swayze Inc. reported $400,000 in sales and $80,000 in net income for the year ended December 31, 2010. Cost of goods sold was $230,000 and expenses totaled $90,000. Common stock outstanding increased from 30,000 shares to 40,000 shares over the year, and the stock price was $17.60 per share in 2010. Cash dividends of $21,000 were paid out.

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    © All Rights Reserved
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    Here is the income statement for Swayze Inc SWAYZE INC

    Here is the income statement for Swayze, Inc.SWAYZE, INC.Income StatementFor the Year
    Ended December 31, 2010Sales .................................$400,000Cost of goods sold
    ............................230,000Gross profit ..............................170,000Expenses (including $16,000
    interest and $24,000 income taxes) ...........90,000Net income ..............................$
    80,000Additional information:1. Common stock outstanding January 1, 2010, was 30,000
    shares, and 40,000 shares were outstanding at December 31, 2010.2. The market price of
    Swayze, Inc., stock was $17.60 in 2010.3. Cash dividends of $21,000 were paid, $10,000 of
    which were to preferred stockholders.InstructionsCompute the following measures for 2010.(a)
    Earnings per share.(b) Price-earnings ratio.(c) Payout ratio.(d) Times interest earned ratio.View
    Solution:
    Here is the income statement for Swayze Inc SWAYZE INC
    SOLUTION-- http://expertanswer.online/downloads/here-is-the-income-statement-for-swayze-
    inc-swayze-inc/

    See Answer here expertanswer.online


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