The income statement for Crane, Inc. is as follows: CRANE, INC. Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Expenses (including $24,000 interest and $41,200 income taxes) Net income 1 2 3. Additional information: Common stock outstanding January 1, 2021 was 54,000 shares and 64,000 shares were outstanding at December 31, 2021. The market price of Crane, Inc, stock was $16 in 2021. Cash dividends of $18.450 were paid, S $1.430 of which were to la) Earnings per share S (d) Compute the following measures for 2021: (Round Earnings per share to 2 decimal places, e.g. 52.75. Round other answers to 1 decimal place, eg. 52.7.) Price-earnings ratio Payout ratio $472,000 Times interest earned 274,000 198,000 124,000 $74,000 to preferred stockholders. % times times

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