33. (10 min.)

     (a) Earnings per share

    

             $50,000 - $6,000        $44,000

         ————————  =   ————  = $0.80                             

         [50,000 + (10,000 ¸ 2)]   55,000

    

     (b) Price-earnings ratio

    

         $12.00

         ———  = 15 times                                                                                           

          0.80

    

     (c) Times interest earned

    

         $50,000 + $30,000 + $16,000

         ————————————   = 3.2 times                                         

                   $30,000