B The income statement for Hathaway, Inc., appears below.

Additional information: 1. The weighted average common shares outstanding in 2017 were 30,000 shares. 2. The market price of Hathaway, Inc. stock was $22.68 in 2017. 3. Cash dividends of $22,400 were paid, $7,000 of which were to preferred stockholders. Instructions Compute the following ratios for 2017. (a) Earnings per share. (b) Price-carnings ratio. (c) Payout. (d) Times interest earned. 418 Financial Statement Analysis: The Big Picture Compute amourits from ratios. (LO 2) E18-10B Place Corporation experienced a fi re on December 31, 2017, in which its fi nancial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. Additional information: 1. The inventory turnover is 4.0 times. 2. The return on common stockholders' equity is 20%. The company had no additional paid-in capital. 3. The accounts receivable turnover is 9.0 times. 4. The return on assets is 15%. 5. Total assets at December 31,2016 , were $650,000. Instructions Compute the following for Place Corporation. (a) Cost of goods sold for 2017. (b) Net sales (credit) for 2017. (c) Net income for 2017. (d) Total assets at December 31, 2017