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Following is the balance sheet of Finch Company for Year 3 : The average number of common stock shares outstanding during Year 3 was 860

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Following is the balance sheet of Finch Company for Year 3 : The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,000. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45. Solomon Company's income statement information follows: The average number of shares outstanding was 7.800 for Year 3 and 7,000 for Year 2 . Required Compute the following ratios for Solomon for Year 3 and Year 2 a. Number of times interest was earned. (Round your onswers to 2 decimal places.) b. Earnings per share based on the average number of shares outstanding. (Round your answers to 2 decimal ploces.) c. Price-earnings ratio (market prices. Year 3, $67 per share: Year 2, 576 pet share) (Round your intermediote and final answers to 2 decimal places.) d. Return on average equity. (Round your percentage onswers to 2 decimal places. (i.e., 0.2345 should be entered as 23.45) ). e. Net margin. (Round your percentage onswers to 2 decimal ploces. (.e., 0.2345 should be entered as 23.45 ).)

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