21. Gifford Limited reported the following on its income stateme Profit before income tax $600,000 Income tax expense..... 180.000 Profit... ............$420,000 Interest expense was $60,000. Gifford's times interest earr (a) 11 times. (b) 10 times. (c) 7 times. (d) 3 times. ford's times interest earned was Use the following information for questions 22-25. During 2016, Pattar Corp. reported after-tax profit of $450, $75,000 in common dividends. The weighte common dividends. The weighted average number of common shares issued in 2016 was 150,000. There are no prerer A year end, Pattar's common shares are selling for $60 per share on the Toronto Stock Exchange. reported after-tax profit of $450,000 and paid vas 150,000. There are no preferred shares issued. 22. Pattar's earnings per share for 2016 is (a) $25.00 (b) $20.00. (c) $3.00. (d) $2.50 23. Pattar's price-earnings ratio is (a) 120 times. (b) 24 times. (c) 20 times. (d) 3 times. 24. Pattar's payout ratio for 2016 is (a) $0.50 (b) 0.8% (c) 6.0% (d) 16.7% 25. Pattar's dividend yield for 2016 is (a) $0.50. (b) 0.8%. (c) 6.0% (d) 16.7%