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 $416,000 110,000 55,560 9,150 313,000 195,000 Year 2 $263,800 77.00 62,500 7,550 237,000 172,500 The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2. Required Compute the following ratios for Stuart 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, 567 per share: Year 2 S77 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, (l.e., 0.2345 should be entered os 23.45).) Year 3 12 02 times 7.12 9:41 times $ a Times interest earned 6. Earnings per share c. Price-earnings ratio d Return on average equity e. Not margin $ Year 2 10.19 times 9.05 8 50 times 9 5