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Gibson Company's income statement information follows: The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2 . Required Compute
Gibson Company's income statement information follows: The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2 . Required Compute the following ratios for Gibson for Year 3 and Year 2. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Eamings per share based on the average number of shares outstandlng. (Round your answers to 2 declmal places.) c. Price-earnings ratio (market prices: Year 3,$66 per share; Year 2,$78 per share).(Round your Intermedlate and final answers to decimal places.) d. Retum on average equity. (Round your percentage answers to 2 declmal places. (I.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).) Gibson Company's income statement information follows: The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2 . Required Compute the following ratios for Gibson for Year 3 and Year 2. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Eamings per share based on the average number of shares outstandlng. (Round your answers to 2 declmal places.) c. Price-earnings ratio (market prices: Year 3,$66 per share; Year 2,$78 per share).(Round your Intermedlate and final answers to decimal places.) d. Retum on average equity. (Round your percentage answers to 2 declmal places. (I.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).)
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