1 - A company reports the following:

	Income before income tax	$303,340
	Interest expense	52,300

Determine the times interest earned. Round your answer to one decimal place.

2 -

A company reports the following:

	Net income	$731,810
	Preferred dividends	$54,210
	Shares of common stock outstanding	44,000
	Market price per share of common stock	$44.66

Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. $