Perez Company's income statement information follows: Net sales Income before interest and taxes 119,000 Year 3 $429,000 Year 2 $267,000 78,000 Net income after taxes 55,160 63,000 Interest expense 9,450 8,000 Stockholders' equity, December 31 (Year 1: $199,000) 302,000 238,000 Common stock, December 31 195,750 172,250 The average number of shares outstanding was 7,830 for Year 3 and 6,890 for Year 2. Required Compute the following ratios for Perez 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, $69 per share; Year 2, $77 per share). (Do not round intermediate calculations. Round your 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 (i.e., 0.2345 should be entered as 23.45).) a. Interest earned b. Earnings per share Year 3 times Year 2 times c. Price-earnings ratio times times d. Return on average equity % % e. Net margin % %