Exercise 18-9 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 $15,500 interest and $23,000 income taxes) Net income $446,000 218,000 228,000 82,000 $ 146,000 Additional information: 1. 2. 3. The weighted-average common shares outstanding in 2017 were 23,000 shares. The market price of Sutherland, Inc, stock was $18 in 2017. Cash dividends of $27,500 were paid, $4,200 of which were to preferred stockholders. Compute the following ratios for 2017. (Round Earnings per share to 2 decimal places, e.g. 1.75, and all other ans Earnings per shares Price-earnings ratio times Payout ratio Times interest earned times