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Please address the following screenshot Problem 9-22 Ratio analysis LO 9-3, 9-4, 9-5 Gibson Company's income statement information follows: Net sales Income before interest and

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Problem 9-22 Ratio analysis LO 9-3, 9-4, 9-5 Gibson Company's income statement information follows: Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (2016: $198,000) Common stock, December 31 2018 $419,000 118,000 55,400 9,250 296,000 204,000 2017 $264,000 77,000 62,400 7,800 244,000 231,000 The average number of shares outstanding was 7,760 for 2018 and 6,940 for 2017 Required Compute the following ratios for Gibson 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, $68 per share; 2017, $74 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 times 2017 times a. Interest earned b. Earnings per share C. Price-earnings ratio d. Return on equity e. Net margin times times % % % %

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