US Kimmel, Accounting, 6e End Time: 04:53 PM / Remaining: 66 min. Question 25 Here is the income statement for Ginsberg, Inc. GINSBERG, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Expenses (including $12,000 interest and $22,000 income taxes) Net income $400,000 250,000 150,000 100,000 $50,000 Additional information: 1. Common stock outstanding January 1, 2017, was 30,000 shares, and 40,000 shares were outstanding at December 31, 2017 2. The market price of Gillman, Inc., stock was $15.86 in 2017. 3. Cash dividends of $16,000 were paid $4,500 of which were to preferred stockholders 0.000 Compute the following measures for 2017. (Round to 2 decimal places, e.g. 17.54% or 6.25: 1 (a) Earnings per share (b) Price-earnings ratio (c) (d) Payout ratio Times interest earned Click if you would like to show Work for this questioni Open Show Work MacBook Pro