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Gibson Company's income statement information follows: The average number of shares outstanding was 7,700 for Year 3 and 7,000 for Year 2 . Required Compute

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Gibson Company's income statement information follows: The average number of shares outstanding was 7,700 for Year 3 and 7,000 for Year 2 . Required Compute the following ratios for Gibson for Year 3 and Year 2. a. Number of times interest was earned. Note: Round your answer to 2 decimal places. b. Earnings per share based on the average number of shares outstanding. Note: Round your answer to 2 decimal places. c. Price-earnings ratio (market prices: Year 3,$67 per share; Year 2, $74 per share). Note: Round your answer to 2 decimal places. d. Return on average equity. Note: Round your percentage answer to 2 decimal places (for example, 0.2345 should be entered as 23.45 ). e. Net margin. Note: Round your percentage answer to 2 decimal places (for example, 0.2345 should be entered as 23.45 )

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