Here is the income statement for Eberle, Inc.

EBERLE, INC. Income Statement For the Year Ended December 31, 2014
Sales revenue	$427,400
Cost of goods sold	259,800
Gross profit	167,600
Expenses (including $15,100 interest and $22,500 income taxes)	87,200
Net income	$ 80,400

Additional information:

1. Common stock outstanding January 1, 2014, was 27,100 shares, and 38,600 shares were outstanding at December 31, 2014.

2. The market price of Eberle, Inc., stock was $13 in 2014.

3. Cash dividends of $19,800 were paid, $6,500 of which were to preferred stockholders.

Compute the following measures for 2014. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)

(a) Earnings per share

$_____

(b) Price-earnings ratio

_____times

(c) Payout ratio

_____%

(d)Times interest earned

_____ times

Answer rating: 100% (QA)

aEarning per share is calculated by using the following formula Earning per shareEPS Net Income pr... View the full answer