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  3. ment exercise 18-9 the income statement for suther

ment Exercise 18-9 The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC. Income Statement...

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ment Exercise 18-9 The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC. Income Statement For the Year Ended December 31, 2017 Net sales $442,000 Cost of goods sold 208,000 Gross profit 234,000 Expenses (including $10,500 interest and $26,000 income taxes) 88,000 Net income $ 146,000 Additional information: 1. 2. 3. The weighted average common shares outstanding in 2017 were 37,000 shares. The market price of Sutherland, Inc. stock was $19 in 2017. Cash dividends of $29,500 were paid, $3,900 of which were to preferred stockholders. Compute the following ratios for 2017. (Round Earnings per share to 2 decimal places, Earnings per share Price-earnings ratio times Payout ratio Times interest earned times

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