Exercise 14-11 Here is the income statement for Myers, Inc. Myers, Inc. For the Ye 31, 2020 Sales revenue $412,000 Cost of goods sold 220,000 Gross profit 192,000 Expenses (including $10,000 interest and $29,500 income taxes) 94,000 98,000 Net income Additional information: Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. 1. 2020 2. The market price of Myers stock was $11.04 Cash dividends of $23,520 were paid, $6,000 of which were to preferred stockholders. 3 Compute the following measures for 2020. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times