Here is the income statement for Myers, Inc.

Myers, Inc.
Income Statement
For the Year Ended December 31, 2020
Sales revenue ...........................................................................................$400,000
Cost of goods sold .....................................................................................230,000
Gross profit ................................................................................................170,000
Expenses (including $16,000 interest and $24,000 income taxes) ........98,000
Net income ................................................................................................$ 72,000

Additional information:
1. Common stock outstanding January 1, 2020, was 32,000 shares, and 40,000 shares were outstanding at December 31, 2020.
2. The market price of Myers stock was $14 at December 31, 2020.
3. Cash dividends of $21,000 were paid, $5,000 of which were to preferred stockholders.

Instructions
Compute the following measures for 2020.
a. Earnings per share.
b. Price-earnings ratio. 

c. Payout ratio.

d. Times interest earned.