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 $400,00 200,00 200,001 108,000 $ 92,000 Additional information: 1. Common stock outstanding January 1, 2014, was 36,000 shares, and 40,0 shares were outstanding at December 31, 2014 2. The market price of Whammo, Inc. stock was $12 in 2014 Cash dividends of $21,000 were paid $5,000 of which were to preferre stockholders E13-11(a) Calculate the Earnings Per Share to the nearest second decimal place ($0.00) sare osts Ratio Calculations Calculate the Ratios given the information provided. Proper formatting and labeling required to receive full credit for your answer. 33) 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 E13 - 11(c) Calculate the Times Interest Earned to the nearest first decimal point (0.0) Ratio Calculations Calculate the Ratios given the information provided. Proper formatting and labeling of the ratios is required to receive full credit for your answer. 32) E13-11B Here is the income statement for Whammo, Inc. (3.33pts) 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 E13-11 (b) Calculate the Price to Earnings Ratio to the nearest first decimal (0.0)