Additional information: Common stock outstanding January 1, 2014, was 23,100 shares, and 38,700 shares were outstanding at December 31, 2014. The market price of Eberle, Inc., stock was $13 in 2014. Cash dividends of $22,000 were paid, $6,700 of which were to preferred stockholders. Compute the following measures for 2014. Earnings per share 2.76 Price-earnings ratio 4.72 times Payout ratio 14.3% Times interest earned 10.6 times