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 $10,000 interest and $20,000 income taxes) Net income $400,000 180,000 220,000 80,000 $ 140,000 Additional information: 1. The weighted-average common shares outstanding in 2017 were 20,000 shares 2. The market price of Sutherland, Inc. stock was $10 in 2017. 3. Cash dividends of $20,000 were paid, $3,000 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 1 decimal place, eg, 6.8 or 6.8%.) Earnings per share Price-earnings ratio Payout ratio Times interest earned times times Question Attempts: 0 of 5 used