actice Assignment Gradebook ORION Downloadable eTextbook nment Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $24,000 income taxes) Net income $436,000 192,000 244,000 84,000 $ 160,000 Additional information: 1. 2. 3. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. The market price of Myers stock was $12.40 in 2020. Cash dividends of $28,800 were paid, $5,000 of which were to preferred stockholders. Compute the following measures for 2020. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to (a) Earnings per share 6.46 X (b) Price-earnings ratio 1.92 times (c) Payout ratio 18% (d) Times interest earned 19.4 times Click if you would like to Show Work for this question: Open Show Work