Here is the income statement for Cullumber, Inc. Cullumber, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $426,500 Cost of goods sold 215,400 Gross profit 211,100 Expenses (including $11,400 interest and $28,100 income taxes) 83,500 Net income $127,600 Additional information: 1. Common stock outstanding January 1, 2025, was 27,600 shares, and 35,100 shares were outstanding at December 31, 2025. (Use a simple average for weighted-average.) 2. The market price of Cullumber stock was $13 on December 31, 2025. 3. Cash dividends of $23,600 were declared and paid. Compute the following measures for 2025. (Round Earnings per share to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%.) a. Earnings per share $enter a dollar amount rounded to 2 decimal places b. Price-earnings ratio enter a number of times rounded to 1 decimal place times c. Payout ratio enter percentages rounded to 1 decimal place % d. Times interest earned enter a number of times rounded to 1 decimal place times
