Munoz Company's income statement information follows: Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (2016: $195,000) Common stock, December 31 2018 $411,000 115,000 55,960 8,800 298,000 207,000 2017 $257,000 83,000 62,000 7,450 233,000 226,000 The average number of shares outstanding was 7,800 for 2018 and 6,920 for 2017. Required Compute the following ratios for Munoz for 2018 and 2017. 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: 2018, $69 per share; 2017, $73 per share). (Do not round intermediate calculations. Round your answers to 2 decimal places.) d. Return on average equity. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) e. Net margin. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) 2018 2017 a. Interest earned times times times times b. Earnings per share c. Price-earnings ratio d. Return on equity e. Net margin % % % % Munoz Company's income statement information follows: Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (2016: $195,000) Common stock, December 31 2018 $411,000 115,000 55,960 8,800 298,000 207,000 2017 $257,000 83,000 62,000 7,450 233,000 226,000 The average number of shares outstanding was 7,800 for 2018 and 6,920 for 2017. Required Compute the following ratios for Munoz for 2018 and 2017. 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: 2018, $69 per share; 2017, $73 per share). (Do not round intermediate calculations. Round your answers to 2 decimal places.) d. Return on average equity. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) e. Net margin. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) 2018 2017 a. Interest earned times times times times b. Earnings per share c. Price-earnings ratio d. Return on equity e. Net margin % % % %