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The income statement for Sutherland, Inc., appears below. 1. The weighted-average common shares outstanding in 2017 were 26,000 shares. 2. The market price of Sutherland,
The income statement for Sutherland, Inc., appears below. 1. The weighted-average common shares outstanding in 2017 were 26,000 shares. 2. The market price of Sutherland, Inc. stock was $17 in 2017. 3. Cash dividends of $22,000 were paid, $3,000 of which were to preferred stockholders. Compute the following ratios for 2017. (a) Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned
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