Cullumber, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $449,100 Cost of goods sold 234,600 Gross profit 214,500 Expenses (including $15,800 interest and $25,800 income taxes) 85,000 Net income $129,500 Additional information: 1. Common stock outstanding January 1, 2025, was 28,200 shares, and 39,700 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) 2. The market price of Cullumber stock was $13 on December 31, 2025. 3. Cash dividends of $20,100 were declared and paid. Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%.) a. Earnings per share $ b. Price-earnings ratio 3.48 4.0 times