The income statement for the Riverbed Discount Retail Company for the year ended December 31, 2025 appears
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Question:
The income statement for the Riverbed Discount Retail Company for the year ended December 31, 2025 appears below. Sales revenue Cost of goods sold Gross profit Expenses Net income Progress Additional information: 1. 2. *Includes $22,000 of interest expense and $16,850 of income tax expense. 3. $654,000 (a) 380,860 273,140 175,590 $97,550 Common stock outstanding on January 1, 2025, was 50,000 shares. On July 1, 2025 10,000 more shares were issued. The market price of the company's stock was $22 at the end of 2025. Cash dividends of $32,200 were paid, $4,600 of which were paid to preferred stockholders. Compute the following ratios for 2025: (Round earnings per share to 2 decimal places, e.g. 2.25 and all other answers to 1 decimal place e.g. 15.5.) a)Earnings per share $
b) Price-earnings (times)
c) Times interest earned (times)
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