13.11 I made a simple error on the payout ratio and need to know what I did wron

Question

13.11

I made a simple error on the payout ratio and need to know what I did wrong

Here is the income statement for Eberle, Inc. Common stock outstanding January 1, 2014, was 28,100 shares, and 37,800 shares were outstanding at December 31, 2014. 2. The market price of Eberle, Inc., stock was $14 in 2014. Cash dividends of $19,200 were paid, $3,700 of which were to preferred stockholders. Compute the following measures for 2014. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) Earnings per share Price-earnings ratio Payout ratio Times interest earned

Explanation / Answer

Payout ratio=(19200-3700)/109300 14.18%

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