Current Attempt in Progress The balance sheet for Concord Corporation at the end of the current year includes the following:

Bonds payable, 6% $5,800,000

6% Preferred stock, $100 par 2,000,000

Common stock, $10 par 2,000,000

Net income was $525,000 and income tax expense for the current year amounted to $240,600. Cash dividends paid on common stock were $140,000, and the common stock was selling for $28 per share at the end of the year. There were no ownership changes during the year.

Determine each of the following: (Round earnings per share to 2 decimal places, e.g. 2.25 and all other answers to 1 decimal place, e.g. 5.2.)

a) Number of times that bond interest was earned _______ times

b)		Earnings per share for common stock		$Enter a dollar amount rounded to 2 decimal places	per share
(c)		Price-earnings ratio		Enter a number rounded to 1 decimal place	times