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Exercise 13-11 Your answer is partially correct. Try again. Here is the income statement for Marin Inc MARIN INC. Income Statement For the Year Ended December 31, 2017 Sales revenue $426,500 215,400 211,100 Cost of goods sold Gross profit Expenses (including S11,400 interest and $28,100 income taxes) Net income Additional information 1. Common stock outstanding January 1, 2017, was 27,600 shares, and 35,100 shares were outstanding at December 31, 2017 2. The market price of Marin stock was $13 in 2017 3. Cash dividends of $23,600 were paid, $4,100 of which were to preferred stockholders. Compute the following measures for 2017, (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned 3.52 3.69 times 15.79 % 14.66 times