The income statement for Sutherland, Inc., appears below. Additional information: Compute the following ratios for 2017

Exercise 14-9 The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC. Income Sbtement For the Yr Ended Dmber 31, 2017 Net sales Cost of goods sold Gross profit $434,000 222,000 212,000 Expenses (including $18,000 interest and $20,500 income taxes) 82,000 Net income Additional information: $ 130,000 I. The weighted-average common shares outstanding in 2017 were 30,000 shares. 2. The market price of Sutherland, Inc. stock was $14 in 2017. 3. Cash dividends of $27,000 were paid, $4,500 of which were to preferred stockholders. Compute the following ratios for 2017. (Round Eamings per share to 2 decimal places, e.g. 1.65, and all other answers 1 decimal place, e.g. 6.8 or 6.8%.) (a) (b) (c) (d) Earnings per share Price-earnings ratio Payout ratio Times interest earned times times