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Selected data for Vernon Company for Year 3 follows: Earnings (net income) $ 176,000 Preferred stock (12,400 shares at $40 par, 4%) $ 496,000 Common

Selected data for Vernon Company for Year 3 follows:

Earnings (net income) $ 176,000
Preferred stock (12,400 shares at $40 par, 4%) $ 496,000
Common stock (44,800 shares no par, market value $60) 513,000
Retained earnings 564,500
$ 1,573,500
Less: Treasury stock
Preferred (1,100 shares) $ 45,000
Common (1,100 shares) 29,000 74,000
Total stockholders equity $ 1,499,500

Required a. Calculate the Vernon Companys earnings per share ratio, price-earnings ratio and return on equity ratio. (Round intermediate calculations and final answers to 2 decimal places.)

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