The income statement for the Carolina Service Company for the year ended December 31, 2020, appears below. Sales revenue Cost of goods sold Gross profit Expenses Net income Additional information: 1. 2. 3. "Includes $25,000 of interest expense and $20,000 of income tax expense. (a) (b) (c) $670,000 390,000 280,000 Compute the following ratios for 2020: (Round earnings per share to 2 decimal places, e.g. 2.25 and all other answers to 1 decimal place e.g. 15.5.) Price-earnings 180,000 $100,000 Common stock outstanding on January 1, 2020, was 50,000 shares. On July 1, 2020, 10,000 more shares were issued. The market price of Carolina's stock was $22 at the end of 2020. Cash dividends of $35,000 were paid, $5,000 of which were paid to preferred stockholders. Save for Later Earnings per share Times interest earned $ H times times 1 hes 4

The income statement for the Carolina Service Company for the year ended December 31, 2020, appears below. * Includes $25,000 of interest expense and $20,000 of income tax expense. Additional information: 1. Common stock outstanding on January 1,2020, was 50,000 shares. On July 1,2020,10,000 more shares were issued. 2. The market price of Carolina's stock was $22 at the end of 2020. 3. Cash dividends of $35,000 were paid, $5,000 of which were paid to preferred stockholders