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Campbell Companys income statement information follows: Year 3 Year 2 Net sales $ 414,000 $ 259,000 Income before interest and taxes 115,000 76,000 Net income
Campbell Companys income statement information follows: Year 3 Year 2 Net sales $ 414,000 $ 259,000 Income before interest and taxes 115,000 76,000 Net income after taxes 55,400 63,100 Interest expense 8,550 7,650 Stockholders equity, December 31 (Year 1: $199,000) 296,000 233,000 Common stock, December 31 192,500 172,500 The average number of shares outstanding was 7,700 for Year 3 and 6,900 for Year 2. Required Compute the following ratios for Campbell 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
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