SAGE HILL INC. 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) Net income $435,400 228,500 206,900 70,900 $ 136,000 Additional information: 1. Common stock outstanding January 1, 2017, was 26,600 shares, and 38,600 shares were outstanding at December 31, 207 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, e.g. 1.83 or 2.51%) (a) Earnings per share $ (b) Price-earnings ratio c) Payout ratio (d) Times interest earned times times