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SUTHERLAND, INC. Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold Gross profit Expenses (including $16,000 interest and $24,000
SUTHERLAND, INC. Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold Gross profit Expenses (including $16,000 interest and $24,000 income taxes) Net income $400,000 230,000 170,000 105,000 s 65,000 Additional information . The weighted-average common shares outstanding in 2017 were 30,000 shares. 2. The market price of Sutherland, Inc. stock was $13 in 2017 3. Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders compute the following ratios for 2017, (Round Earnings per share to 2 decimal places, eg. 1.75, and all other answers to 1 decimal place, eg. 6.8 or 6.8% Earnings per share Price-earnings retio Payout ratio Times interest earned times times
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