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Includes $21.600 of interest expense and $24,400 of income tax expense. Additional information 1. Common stock outstanding on January 1,2020 was 57,000 shares. On July

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"Includes $21.600 of interest expense and $24,400 of income tax expense. Additional information 1. Common stock outstanding on January 1,2020 was 57,000 shares. On July 1,2020,10,000 more shares were issued. 2. The market price of Flounder's stock was $10.92 at the end of 2020 . 3. Cash dividends of $32,000 were pald, $8,800 of which were paid to preferred stockholders. Compute the following ratios for 2020: (Round answers to 2 decimal places, es. 2.25.) (a) Earnings per share (b) Price-eamings times Compute the following ratios for 2020: (Round answers to 2 decimal places, eg. 2.25.) (a) Earnings per share (b) Price-earnings times (c) Times interest earned times

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