Question: The income statement for Christensen, Inc., appears below. Additional information:1. The weighted average common shares outstanding in 2010 were 30,000 shares.2. The market price of

The income statement for Christensen, Inc., appears below.

Additional information:1. The weighted average common shares outstanding in 2010 were 30,000 shares.2. The market price of Christensen, Inc. stock was $13 in 2010.3. Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders.InstructionsCompute the following ratios for 2010.(a) Earnings per share.(b) Price-earnings.(c) Payout.(d) Times interestearned.

CHRISTENSEN, INC. Income Statement For the Year Ended December 31, 2010 Sales Cost of goods sold Gross profit Expenses (including $16,000 interest and $24,000 income taxes) Net income $400,000 170,000 105,000 $ 65,000

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