Baird Companys income statement information follows:

	Year 3				Year 2
Net sales	$	426,000			$	262,000
Income before interest and taxes		118,000				77,000
Net income after taxes		55,960				63,100
Interest expense		8,950				7,900
Stockholders equity, December 31 (Year 1: $192,000)		313,000				240,000
Common stock, December 31		195,000				175,000

The average number of shares outstanding was 7,800 for Year 3 and 7,000 for Year 2. Required Compute the following ratios for Baird for Year 3 and Year 2. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Earnings per share based on the average number of shares outstanding. (Round your answers to 2 decimal places.) c. Price-earnings ratio (market prices: Year 3, $69 per share; Year 2, $77 per share).(Round your intermediate and final answers to 2 decimal places.) d. Return on average equity. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45)) e. Net margin.