CALCULATOR PRINTER VERSION MK NET Exercise 18-11 Here is the income statement for Myers, Inc. 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 $22,000 income taxes) Net Income $450,000 195.000 254,000 98,000 $ 156,000 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 $12.24 in 2020, Cash dividends of $21,840 were paid, $3,000 of which were to preferred stockholders Compute the following measures for 2020. (Round Earnings per share to 2 decimal places, .g. 1.6 all other answers (a) Earnings per share times (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times