Concord, Inc. Income Statement For the Year Ended December 31, 2022
Net sales		$442,000
Cost of goods sold		218,000
Gross profit		224,000
Expenses (including $10,000 interest and $29,500 income taxes)		117,000
Net income		$ 107,000

Additional information:

1.		Common stock outstanding January 1, 2022, was 38,800 shares, and 42,800 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.)
2.		The market price of Concord stock was $14 on December 31, 2022
3.		Cash dividends of $26,220 were declared and paid.

Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)

(a)		Earnings per share		$enter a dollar amount rounded to 2 decimal places
(b)		Price-earnings ratio		enter a number of times rounded to 1 decimal place	times
(c)		Payout ratio		enter percentages rounded to 1 decimal place	%
(d)		Times interest earned		enter a number of times rounded to 1 decimal place	times