Problem 13-22B Ratio analysis Information from Forman Company's financial statements follows: 2018 2017 $800,00 Net sales $1,000,000 Income before interest and taxes 180.000 150,00 108,00 Net income after taxes 128,000 Bond interest expense 20,000 16.00 Stockholders' equity, December 31 (2016: $240,00p) 360,000 300,00 Common stock, par $12, December 31 210,000 180,00 Average number of shares outstanding was 16,000 for 2018 and 15,000 for 2017. Required Compute the following ratios for Forman Company for 2018 and 2017 and round computations to two decimal points. a. Number of times interest was earned. b. Earnings per share based on the average number of shares outstanding. e. Price-earnings ratio (market prices: 2018, $30 per share; 2017, $24 per share). d. Return on equity. e. Net margin. LO 13-2, 13-3, 13-4, 13-5 639 - 8 Aa To