Exercise 14-9 The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold Gross profit Expenses (including $19,500 interest and $28,500 income taxes) Net income $424,000 226,000 198,000 96,000 $102,000 Study Additional information: The weighted-average common shares outstanding in 2017 were 22,000 shares. 1. 2. The market price of Sutherland, Inc. stock was $20 in 2017. 3. Cash dividends of $24,500 were paid, $4,800 of which were to preferred stockholders. Compute the following ratios for 2017. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all (a) Earnings per shares (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times times LINK TO TEXT