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 (including $14,000 interest and $22,000 income taxes) Net Income $440,000 210,000 230,000 86,000 $ 144,000 R Additional information: The weighted-average common shares outstanding in 2017 were 28,000 shares. The market price of Sutherland, Inc. stock was $13 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, 0.9. 1.75, and all other answers to 1 decimal plac 1. 2. Earnings per share 4.95 Price-earnings ratio 262.63 times Payout ratio 13.42 Times interest earned 12.86 times Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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