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The income statement for Christensen, Inc. appears below. Sales $397800 Cost of goods sold 234500 Gross profit 163300 Expenses (including $16000 interest & $25460 income

The income statement for Christensen, Inc. appears below. Sales $397800 Cost of goods sold 234500 Gross profit 163300 Expenses (including $16000 interest & $25460 income taxes) 109700 Net income 53600 additional income: 1- the weighted average common shares outstanding in 2011 were 28000 shares. 2- the market price of Christensen, inc. stock was $11 in 2011 3- cash dividends of $29400 were paid $5070 of which were to preferred stockholders. Compute the following ratios for 2011. a- earnings per share (round answer to 2 decimal places, eg 10.50 & use the rounded the amount for future calculations.) b- price-earnings (round answer to 1 decimal places eg 10.5.) c- payout (round answer to 0 decimal places eg 25%) d- times interest earned (round answer to 1 decimal place, eg 10.5) a- earnings per share $ _____ b- price-earnings ____ times c- payout _____ % d- times interest earned ____ times

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