Here is the income statement for Sage Hill Ind. SAGE HILLINC Income Statement For the Year Ended December 31,2017 Sales revenue Cost of goods sold Gross profit Expenses (including $ 11,300 interest and$ 22,500 income taxes) 70,900 Net income $435,400 228500 206,900 $136,000 Additional information: 1. Common stock outstanding January 1, 2017,was 26,600 shares, and 38,600 shares were outstanding at December 31, 2017 2. The market price of Sage Hill stock was $14 in 2017 3. Cash dividends of $23,400 were paid, $ 5,000 of which were to preferred stockholders. Compute the following measures for 2017, (Round all answers to 2 decimal places, eg 183 or 251%) (a) Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned 4.17 3.36 times 14.05 | % 15.03 times