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Here is the income statement for Sage Hill Inc. SAGE HILL INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of

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Here is the income statement for Sage Hill Inc. SAGE HILL INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Expenses (including $14,900 interest and $20,600 income $445,300 230,200 215,100 78,900 $ 136.200 taxes) Net income Additional information: 1. Common stock outstanding January 1, 2017, was 25,700 shares, and 39,000 shares were outstanding at December 31, 2017. 2. The market price of Sage Hill stock was $14 in 2017 3. Cash dividends of $23,700 were paid, $5,900 of which were to preferred stockholders Compute the following measures for 2017. (Round all answers to 2 decimal places, eg, 1.83 or 2.51%) (a) Earnings per share times (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times

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