Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2017. The weighted average number of shares outstanding in 2017 was 60,000 shares. Ale Corporation's common stock is selling for $600 per share on the New York Stock Exchange. Ale Corporation's payout ratio for 2017 is $0.71 per share. 25% 16.7% 8% Lake Company reported the following on its income statement: An analysis of the income statement revealed that Interest expense was $60,000. Lake times interest earned was 11 times. 10 times. 8.5 times. 7.5 times. The current assets of Myers Company are $250,000. The current liabilities are $100,000. ratio expressed as a proportion is 250%. 2.5:1 .25:1 $250,000 $100,000