The income statement for Christensen Inc. appears below.CHRISTENSEN INC. Income

The income statement for Christensen Inc. appears below.CHRISTENSEN INC. Income Statement For the Year Ended December 31 2010Sales$400000Cost of goods sold230000Gross profit170000Expenses (including $16000 interest and $24000 income taxes)105000Net income$ 65000Additional information:1. The weighted average common shares outstanding in 2010 were 30000 shares.2. The market price of Christensen Inc. stock was $13 in 2010.3. Cash dividends of $26000 were paid $5000 of which were to preferred stockholders.InstructionsCompute the following ratios for 2010.(a) Earnings per share.(b) Price-earnings.(c) Payout.(d) Times interest earned.