The income statement for Christensen, Inc., appears below. CHRISTENSEN, INC. Income Statement For the Year Ended December 31, 2012 Sales $400,000 Cost of goods sold 230,000 Gross profit 170,000 Expenses (including $16,000 interest and $24,000 income taxes) 105,000 Net income $65,000 Additional information: The weighted average common shares outstanding in 2012 were 30,000 shares. The market price of Christensen, Inc. stock was $13 in 2012. Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders. Instructions Compute the following ratios for 2012. (a) Earnings per share. (Round to 2 decimal places, e.g. 10.50.) (b) Price-earnings. (Round to 1 decimal place, e.g. 10.5.) (c) Payout. (Round to 0 decimal places, e.g. 125.) (d) Times interest earned. (Round to 1 decimal place, e.g. 10.5.) (a) Earnings per share $ (b) Price-earnings times (c) Payout % (d) Times interest earned times