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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 $14,000 interest and $22,000 income taxes) Net Income $440,000 210,000 230,000 86,000 $ 144,000 R Additional information: The weighted-average common shares outstanding in 2017 were 28,000 shares. The market price of Sutherland, Inc. stock was $13 2017. 3. Cash dividends of $24,000 were paid, $5,400 of which were to preferred stockholders. Compute the following ratios for 2017. (Round Earnings per share to 2 decimal places, 0.9. 1.75, and all other answers to 1 decimal plac 1. 2. Earnings per share 4.95 Price-earnings ratio 262.63 times Payout ratio 13.42 Times interest earned 12.86 times Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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