Selected data for Thornton Company for 2018 follows:

Earnings (net income)					$	175,000
Preferred stock (11,800 shares at $40 par, 4%)					$	472,000
Common stock (44,200 shares no par, market value $47)						525,000
Retained earnings						579,500
					$	1,576,500
Less: Treasury stock
Preferred (1,400 shares)	$	48,000
Common (1,400 shares)		28,000				76,000
Total stockholders equity					$	1,500,500

Required

1. Calculate the Thornton Companys ratios. (Round intermediate calculations and final answer to 2 decimal places.)

Price-earnings ratio	not attempted
Return on equity	not attempted	%