Here Is the Income Statement for Ginsberg, Inc Additional Information:
1

Here is the income statement for Ginsberg, Inc. $\begin{array}{c}\text { GINSBERG, INC.}\\\text { Income Statement}\\\text { For the Year Ended December 31, 2014}\\\begin{array}{lr}\text { Sales revenue } & \$ 400,000 \\\text { Cost of goods sold } & 250,000 \\\text { Gross profit } & 150,000 \\\text { Expenses (including } \$ 12,000 \text { interest and } \$ 22,000 \text { income taxes) } & 100,000 \\ \text { Netincome } & \$ 50,000\end{array}\end{array}$

Additional information:
1. Common stock outstanding January 1, 2014, was 30,000 shares, and 40,000 shares were outstanding at December 31, 2014.
2. The market price of Gillman, Inc., stock was $15.86 in 2014.
3. Cash dividends of $16,000 were paid, $4,500 of which were to preferred stockholders.
Instructions
Compute the following measures for 2014.
(a) Earnings per share.
(b) Price-earnings ratio.
(c) Payout ratio.
(d) Times interest earned.