The income statement for Christiansen A/S appears below.

Additional information:
1. The weighted-average ordinary shares outstanding in 2025 were 32,000 shares.
2. The market price of Christiansen A/S was €10.80 per share at December 31, 2025.
3. Cash dividends of €20,000 were paid, €5,000 of which were to preference shareholders.
Instructions Compute the following ratios for 2025.

a. Earnings per share.

b. Price-earnings ratio.

c. Payout ratio.

d. Times interest earned.
Compute amounts from ratios.

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Christiansen A/S Income Statement For the Year Ended December 31, 2025 Net sales Cost of goods sold Gross profit Expenses (including 14,000 interest and 17,000 income taxes) Net income 400,000 235,000 165,000 105,000 60,000