Selected data for Thornton Company for 2018 follows: $ 182,000 Earnings (net income) Preferred stock (12,100 shares at $30 par, 4%) Common stock (44,800 shares no par, market value $46) Retained earnings $ 363,000 516,000 567,500 $1,446,500 Less: Treasury stock Preferred (1,600 shares) Common (1,600 shares) Total stockholders' equity $46,000 24,000 70,000 $1,376,500 Required a. Calculate the Thornton Company's ratios. (Round intermediate calculations and final answer to 2 decimal places.) Price-earnings ratio Return on equity