*Exercise 9-11 Here is the income statement for Myers, Inc. MYERS, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue $400,000 Cost of goods sold 230,000 Gross profit 170,000 Expenses (including $16,000 interest and $24,000 income taxes) 98,000 Net income $72,000 Additional information: Common stock outstanding January 1, 2017, was 32,000 shares, and 40,000 shares were outstanding at December 31, 2017. 2. The market price of Myers stock was $14 in 2017. 3. Cash dividends of $21,000 were paid, $5,000 of which were to preferred stockholders. Compute the following measures for 2017. (Round earnings per share to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%) (a) Earnings per shares (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times