$4.$ Cullumber, Inc.

Income Statement

For the Year Ended December $31,2025$

Net sales

$$425,500$

Cost of goods sold

$240,400$

Gross profit

$185,100$

Expenses $($including $$12,000$ interest and $$26,000$ income taxes$)$

Additional information:

Common stock outstanding January $1,2025,$ was $26,300$ shares, and $36,100$ shares were outstanding at December $31,2025.$

$($Use a simple average for weighted$-$average.$)$

The market price of Cullumber stock was $$14$ on December $31,2025.$

Cash dividends of $$24,000$ were declared and paid.

Compute the following measures for $2025.($Round Earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}83$ and all other answers to $1$ decimal place,

e$.$g$.1\mathrm{.}8$ or $2\mathrm{.}5\%.)$

a$.$ Earnings per share $

b$.$ Price$-$earnings ratio

times

c$.$ Payout ratio

$\%$

d$.$ Times interest earned

times