Question: FULL SCREEN I PRINTER The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC. For the Year Ended December 31, 2017 Net sales Cost of
FULL SCREEN I PRINTER The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC. For the Year Ended December 31, 2017 Net sales Cost of goods sold Gross profit Expenses (including $17,000 interest and $29,500 income taxes) Net income $412,000 220,000 192,000 94,000 98,000 Additional information: 1. The weighted-average common shares outstanding in 2017 were 25,000 shares. 2. The market price of Sutherland, Inc. stock was $11 in 2017. 3. Cash dividends of $23,500 were paid, $6,300 of which were to preferred stockholders. Compute the following ratios for 2017. Round Earnings per share to 2 decimal places, eg. 1.75 and all other answers to 1 decimal place, eg. 6 8 or 6.8% .) Earnings per share times Price-earnings ratio Payout ratio Times interest earned times
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