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$440,000 Net sales 210,000 Cost of goods sold 230,000 Gross profit Expenses (indluding $14,000 interest and $22,000 income taxes)86,000 $ 144,000 Net income Additional information:
$440,000 Net sales 210,000 Cost of goods sold 230,000 Gross profit Expenses (indluding $14,000 interest and $22,000 income taxes)86,000 $ 144,000 Net income Additional information: 1. The weighted-average common shares outstanding in 2017 were 28,000 shares. 2. The market price of Sutherland, Inc. stock was $13 in 2017. 3. Cash dividends of $24,000 were paid, $5,400 of which were to preferred stockholders. Compute the following ratios for 2017. (Round Earnings per share to 2 decimal places, e.g. 1.75, an Earnings per share 4.96 Price-earnings ratio 2.62 times Payout ratio 17.3211 % Times interest earned 12.86 times
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