CHRISTENSEN, INC. Income Statement For the Year Ended December 31, 2010 Sales $400,000 Cost of goods sold 230,000 Gross profit 170,000 Expenses (including $16,000 interest and $24,000 income taxes) 105,000 Net income $65,000 Additional information: The weighted average common shares outstanding in 2010 were 30,000 shares. The market price of Christensen, Inc. stock was $13 in 2010. Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders. (a) Earnings per share (b) Price-earnings (c) Payout (d) Times interest earned