US US Kimmel, Accounting, 6e End Time: 04:53 PM/Remaining: 66 min. CES Question 25 Here is the income statement for Ginsberg, Inc. GINSBERG, INC. Income Statement For the Year Ended December 31, 2017 Sales revenue $400,000 Cost of goods sold 250,000 Gross profit Expenses (including $12,000 interest and $22,000 income taxes) 150,000 100,000 Net income $50,000 Additional information: 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 1. Compute the following measures for 2017. (Round to 2 decimal places, e.g. 17.54% or 6.25: 1 or $2.66.) (a) Earnings per share (b) Price-eanings ratio times (c) Payout ratio % (d) Times interest earned times Click if you would like to Show Work for this question: Open Show Work MacBook PrO