Here is the income statement for Myers, Inc.

MYERS, INC.

Income Statement

For the Year Ended December 31, 2019

Sales revenue$400,000

Cost of goods sold230,000

Gross profit170,000

Expenses (including $16,000interest and $24,000income taxes)98,000

Net income$72,000

Additional information:

1.Common stock outstanding January 1, 2019, was32,000shares, and40,000shares were outstanding at December 31, 2019.2.The market price of Myers stock was $14in 2019.3.Cash dividends of $21,000were paid, $5,000of which were to preferred stockholders.

Compute the following measures for 2019.(Round all answers to 2 decimal places, e.g. 1.83 or 2.51%)

(a)Earnings per share$

(b)Price-earnings ratio

times(c)Payout ratio

%(d)Times interest earned

times