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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
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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