The income statement for Christensen, Inc., appears below. CHRISTENSEN, INC. Income Statement For the Year Ended December 31, 2011 Sales $398,700 Cost of goods sold 232,900 Gross profit 165,800 Expenses (including $16,000 interest and $23,340 income taxes) 109,700 Net income $56,100 Additional information: The weighted average common shares outstanding in 2011 were 29,000 shares. The market price of Christensen, Inc. stock was $11 in 2011. Cash dividends of $25,000 were paid, $4,550 of which were to preferred stockholders. Compute the following ratios for 2011. (a) Earnings per share. (Round answer to 2 decimal places, e.g. 10.50 and use the rounded the amount for future calculations.) (b) Price-earnings. (Round answer to 1 decimal place, e.g. 10.5.) (c) Payout. (Round answer to 0 decimal places, e.g. 25%.) (d) Times interest earned. (Round answer to 1 decimal place, e.g. 10.5.) (a) Earnings per share $ (b) Price-earnings times (c) Payout % (d) Times interest earned times