The income statement for Christensen, Inc., appears below. CHRISTENSEN, INC. Income Statement For the Year Ended December 31, 2011 Sales $395,800 Cost of goods sold 234,500 Gross profit 161,300 Expenses (including $16,000 interest and $22,940 income taxes) 109,900 Net income $51,400 Additional information: The weighted average common shares outstanding in 2011 were 26,000 shares. The market price of Christensen, Inc. stock was $12 in 2011. Cash dividends of $23,000 were paid, $5,270 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