Lily, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $426,000 Cost of goods sold 190.000 Gross profit 236,000 Expenses (including $10,000 interest and $20,000 income taxes) 92,000 Net income $ 144,000 Additional information: 1. Common stock outstanding January 1, 2022, was 36,000 shares, and 40,000 shares were outstanding at December 31, 2022. (Use a simple average for weighted average.) 2. The market price of Lily stock was $27 on December 31, 2022 3. Cash dividends of $24,000 were declared and paid. Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share $ 7.2 Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share $ 7.2 (b) Price-earnings ratio 3.8 times (c) Payout ratio 174000 % (d) Times interest earned 17.4. times