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The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold

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The income statement for Sutherland, Inc., appears below. 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 230,000 170,000 105,000 $ 63,000 Additional Information 1. 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 folosing ratios for 2017 (Round E arnings per share to 2 decimal places, e 1.7s, and all other answers to , dei ar place, e e ase Earnings per share Price earnings ratio Payout ratio Times interest earned times

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