Calculate Earnings per share, calculate th price to earnings ratio, calculate the times interest earned

E13-11B Here is the income statement for Whammo, Inc. WHAMMO, INC. Income Statement For the Year Ended December 31, 2014 Sales revenue Cost of goods sold Gross profit Expenses (including $16,000 interest and $24,000 income taxes) Net income $400,000 200,000 200,000 108,000 $ 92,000 Additional information: 1. Common stock outstanding January 1, 2014, was 36,000 shares, and 40,000 shares were outstanding at December 31, 2014 2. The market price of Whammo, Inc., stock was $12 in 2014. 3. Cash dividends of $21,000 were paid. $5,000 of which were to preferred stockholders