Exercise 14-9 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 $16,000 interest and $24,000 income taxes) 105,000 Net income $400,000 230,000 170,000 $65,000 Additional information: 1. The weighted-average common shares outstanding in 2017 were 30,000 shares. 2. The market price of Sutherland, Inc. stock was $13 in 2017. 3. Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders. 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 (c) Payout ratio times (d) Times interest earned times