Exercise 13-11 Here is the income statement for Metlock, Inc. METLOCK, INC. Income Statement For the Year Ended December 31, 2019 Sales revenue Cost of goods sold Gross profit Expenses (including $11,700 interest and $29,700 income taxes) _78,800 Net income $449,500 211,500 238,000 $159,200 Additional information: 1. Common stock outstanding January 1, 2019, was 22,400 shares, and 37,300 shares were outstanding at December 31, 2019 2. The market price of Metlock stock was $13 in 2019 3. Cash dividends of $22,600 were paid, $4,900 of which were to preferred stockholders Compute the following measures for 2019. (Round all answers to 2 decimal places, eg, 1.83 or 2.51%) (a) Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times times