Solomon Company's income statement information follows: Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (Year 1: $192, 088) Common stock, December 31 Years $424,000 116,000 55,248 8,600 310,000 197,500 Year 2 $269, ene 78,000 62,300 7,450 240, eee 175,000 The average number of shares outstanding was 7,900 for Year 3 and 7,000 for Year 2 Required Compute the following ratios for Solomon for Year 3 and Year 2. 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 (Rolind your answers to 2 decimal places.) c. Price-earnings ratio (market prices: Year 3. $67 per share; Year 2. $74 per share) (Round your intermediate and final answers to 2 decimal places.) d. Return on average equity. (Round your percentage answers to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) e. Net margin. (Round your percentage answers to 2 decimal places. (l.e., 0.2345 should be entered as 23.45).) Year a Year 2 times times a Times interest earned 5. Earnings per share Price-earnings ratio d. Return on average equity e. Net margin times 96 % times % %