Question 8 Here is the income statement for Myers, Inc. CALCULATOR FULL SCREEN PRINTER Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $22,000 income taxes) Net income $450,000 196,000 254,000 98,000 $ 156,000 Additional information: 1. 2. 3. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. The market price of Myers stock was $12.24 in 2020. Cash dividends of $21,840 were paid, $3,000 of which were to preferred stockholders. Compute the following measures for 2020. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned en Assignment DURCES W.F2 Net Income CALCULATOR FULL SCREEN PRINTER VERSION $ 156,000 Additional information: 1. 2. 3. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. The market price of Myers stock was $12.24 in 2020. Cash dividends of $21,840 were paid, $3,000 of which were to preferred stockholders. Compute the following measures for 2020. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to I decimal place ... 6.8 (a) Earnings per share by study (b) Price-earnings ratio times (c) Payout ratio (d) Times interest eamed Click if you would like to show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you can points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 4 used SAVE FOR LATERU ENIT ANS % Earn Maximum Pows a v ie only if you answer this question correctly in four mais