The income statement for Stoval Company for the year ended December 31, 2008 appears below.

Sales.....................................................................$610,000

Cost of goods sold............................................. 380,000

Gross profit.........................................................230,000

Expenses............................................................... 170,000*

Net income............................................................$ 60,000

*Includes $30,000 of interest expense and $18,000 of income tax expense.

Additional information:

1. Common stock outstanding on January 1, 2008 was 40,000 shares. On July 1, 2008, 10,000 more shares were issued.

2.The market price of Stoval's stock was $15 at the end of 2008.

3. Cash dividends of $30,000 were paid, $6,000 of which were paid to preferred stockholders.

Compute the following ratios for 2008:

(a)Earnings per share.

(b)price-earnings.

(c)Times interest earned.