Che Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (Year 1: $191,000) Common stock, December 31 Year 3 $427,000 110,000 55,160 8,500 303,000 195,000 Year 2 $256,089 80,000 63,180 7,700 229,000 172,500 The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2. Required Compute the following ratios for Walton 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, $66 per share; Year 2, $77 per share) (Round your intermediate and final answers to 2 decimal places.) d. Return on average equity. (Round your percentage answers to 2 decimal places. (.e., 0.2345 should be entered as 23.45).) e. Net margin. (Round your percentage answers to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) Year 3 times Year 2 times a Times interest eamed b. Earnings per share c. Price-earnings ratio d. Return on average equity Net margin times % times % % %