ACC 280 Exercise 15-9 The income statement for Christensen Inc. appears below XA

ACC 280 Exercise 15-9 The income statement for Christensen Inc. appears below XACC 280 Exercise 15-9 The income statement for Christensen Inc. appears belowPrinciples of Accounting: Weygandt J. J. Kimmel P. D. & Kieso D. E. (2008). Financial Accounting (6th ed.). Hoboken NJ: Wiley.Axia College of University of Phoenix (UoP)Homework Help XACC 280 E15-9 The income statement for Christensen IncHomework tutorial ACC 280 E15-9 The income statement for Christensen IncHomework solution XACC 280 E15-9 The income statement for Christensen IncExercise 15-9Exercise 15-9The income statement for Christensen Inc. appears below CHRISTENEN INC. Income Statement For the Year Ended December 31 2011 Sales $400000 Cost of goods sold 230000 Gross profit 170000 Expenses ( include $16000 interest & $24000income taxes) 105000 Net income 65000 Additional information: 1. The weighted-average common shares outstanding in 2008 were 30000 shares. 2. The market price of Christensen. Inc. stock was $13 in 2008. 3. Cash dividends of $26000 were paid $ 5000 of which were to preferred stockholders. Compute the following ratios for 2011. a. Earnings per share. b. Price-earnings c. Payout. d. Times interest earned