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Here is the income statement for Ginsberg, Inc. GINSBERG, INC Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold

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Here is the income statement for Ginsberg, Inc. GINSBERG, INC Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Expenses (including $12,000 interest and $22,000 income taxes) Net income $400,000 250,000 150,000 100,000 $50,000 Additional information: 1. Common stock outstanding January 1, 2017, was 30,000 shares, and 40,000 shares were outstanding at December 31, 2017 2. The market price of Gillman, Inc., stock was $15.86 in 2017. 3. Cash dividends of $16,000 were paid, $4,500 of which were to preferred stockholders Compute the following measures for 2017. (Round to 2 decimal places, eg, 17.54% or 6.25: 1 or $2.66.) a) Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times times

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