Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (Year 1: $190,000) Common stock, December 31 $416,000 115,000 55,480 9,150 300,000 195,000 $264,000 85,000 63,600 7,800 227,000 172,500 The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2. Required Compute the following ratios for Vernon 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, $76 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. (i.e., 0.2345 should be entered as 23.45).) e. Net margin (Round your percentage answers to 2 decimal places. (.e., 0.2345 should be entered os 23,45).) Year 3 Year 2 times Simes a Times interest eamed b. Earnings per share c. Price-camnings ratio d. Return on average equity e. Net margin times % times % % %