Question: NT RESOURCES 3 Homework Exercise 18-9 The income statement for Sutherland, Inc., appears below. 18-8 1838 18.11 SUTHERLAND, INC. Income Statement For the Year Ended

NT RESOURCES 3 Homework Exercise 18-9 The income statement for Sutherland, Inc., appears below. 18-8 1838 18.11 SUTHERLAND, INC. Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold Gross profit Expenses (including $14,000 interest and $22,000 income taxes) Net Income sults by Study $440,000 210,000 230,000 86,000 $ 144,000 Additional Information: 1. The weighted average common shares outstanding in 2017 were 28,000 shares. 2. The market price of Sutherland, Inc. stock was $13 in 2017. 3. Cash dividends of $24,000 were paid, $5,400 of which were to preferred stockholders. Compute the following ratios for 2017. (Round Earnings per share to 2 decimal places, c.9. 1.75, and all other answers to 1 decimal pla Earnings per share Price-earnings ratio times Payout ratio % Times interest earned times Click If you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 MacBook Air 80 DOO OO F3 00 F

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