Here is the income statement for Myers, Inc. CALCULATOR FULL SCR Hy Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue $432,000 Cost of goods sold 212,000 Gross profit 220,000 Expenses (including $10,000 Interest and $29,500 income taxes) 86,000 Net Income $ 134,000 Additional information: Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020, 2. The market price of Myers stock was $18.20 in 2020. 3. Cash dividends of $22,780 were paid, $4,000 of which were to preferred stockholders Compute the following measures for 2020. (Round Earnings por share to 2 decimal places, 6.6.1.65, and all other answers to I decimat (a) Earnings per share 1 .6.05 (b) Price-earnings ratio 2.6 times (c) Payout ratio 35 (d) Times interest earned 16 times 2000-2020 WienAll Rights Reserved. A Dor Ja Wine