Net sales Income before interest and taxes Net income after taxes: Interest expense Stockholders' equity, December 31 (Year 1: $197,000) Common stock, December 31 Year 3 $414,000 Year 2 $261,000 117,000 79,000 55,160 62,300 9,100 313,000 7,450 227,000 195,000 175,000 The average number of shares outstanding was 7,800 for Year 3 and 7,000 for Year 2. Required Compute the following ratios for Baird 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, $67 per share; Year 2, $75 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. (l.e., 0.2345 should be entered as 23.45).) e. Net margin. (Round your percentage answers to 2 decimal places. (i.e...p.2345 should be entered as 23.45).) a. Times interest eamed Year 3 12.85 times Year 2 10.60 times b. Earnings per share c. Price-eamings ratio times times d. Return on average equity % % e. Net margin % %