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 $19,000 interest and $20,500 income taxes) Net Income $424,000 216,000 208,000 104,000 $ 104,000 Additional information: 1. The weighted-average common shares outstanding in 2017 were 37,000 shares 2. The market price of Sutherland, Inc. stock was $13 in 2017. 3. Cash dividends of $20,000 were paid, $6,900 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 answers to Earnings per share Price-earings ratio times Payout ratio Times interest earned Click if you would like to show Work for this question: Open Show Work Question Attempts w