The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC. Income Statement For the Year Ended...

  

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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 $400,000 Cost of goods sold 230,000 Gross profit 170,000 Expenses (including $16,000 interest and $24,000 income taxes) 105,000 Net income $ 65,000 Additional information: The weighted-average common shares outstanding in 2017 were 30,000 shares. 2. The market price of Sutherland, Inc. stock was $13 in 2017. Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders. 1. 3. Compute the following ratios for 2017. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC. Income Statement For the Year Ended December 31, 2017 Net sales $400,000 Cost of goods sold 230,000 Gross profit 170,000 Expenses (including $16,000 interest and $24,000 income taxes) 105,000 Net income $ 65,000 Additional information: The weighted-average common shares outstanding in 2017 were 30,000 shares. 2. The market price of Sutherland, Inc. stock was $13 in 2017. Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders. 1. 3. Compute the following ratios for 2017. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times

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