Question: 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

 The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC. Income

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 (incduding $10,500 interest and $22,000 income taxes)98,000 Net income $450,000 196,000 254,000 $156,000 Additional information: 1. The weighted-average common shares outstanding in 2017 were 33,000 shares. 2. The market price of Sutherland, Inc. stock was $12 in 2017 3. Cash dividends of $22,500 were paid, $3,000 of which were to preferred stockholders. Compute the rollowing ratios for 2017. (Round Earnings per share to 2 decimal plac te the following ratios for 2017. (Round Earnings per share to 2 decimal places, e.g. 1.65, and (a) Earnings per share sl times (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned tirmes

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