Here is the income statement for Cullumber, Inc. Cullumber, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $425,500 Cost of goods sold 240,400 Gross profit 185,100 Expenses (including $12,000 interest and $26,000 income taxes) 75,400 Net income $109,700 Additional information: 1. Common stock outstanding January 1, 2025, was 26,300 shares, and 36,100 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) 2. The market price of Cullumber stock was $14 on December 31, 2025. 3. Cash dividends of $24,000 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 C. Payout ratio d. Times interest earned times % times