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The income statement for Pointe Company for the year ended December 31, 2017 appears below. Sales $720,000 Cost of goods sold 380,000 Gross profit 340,000

The income statement for Pointe Company for the year ended December 31, 2017 appears below.

Sales $720,000
Cost of goods sold 380,000
Gross profit 340,000
Expenses 190,000 *
Net income $150,000

*Includes $20,000 of interest expense and $25,000 of income tax expense. Additional information:

1. Common stock outstanding on January 1, 2017 was 50,000 shares. On July 1, 2017, 10,000 more shares were issued. The weighted-average shares are 55,000.
2. The market price of Pointe's stock was $11.70 at the end of 2017.
3. Cash dividends of $30,000 were paid, $7,000 of which were paid to preferred stockholders.

Compute the following ratios for 2017: (Round answers to 2 decimal places, e.g. 2.25.)

a) Earnings per share $

b) Price Earnings times

c) Times interest earned times

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