Solomon Company's income statement information follows: Net sales Year 3. $423,000 Year 2 $258,000 Income before interest and taxes 112,000 81,000 Net income after taxes. 55,560 62,500 Interest expense 9,300 7,600 Stockholders' equity, December 31 (Year 1: $192,000) 298,000 226,000 Common stock, December 31. 194,500 173,250 The average number of shares outstanding was 7,780 for Year 3 and 6,930 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. (Round your answers to 2 decimal places.) c. Price-earnings ratio (market prices: Year 3, $68 per share: Year 2. $76 per share). (Do not round intermediate calculations. Round your answers to 2 decimal places.) d. Return on average equity. (Round your percentage answers to 2 decimal places (.e., 0.2345 should be entered as 23.45).) e. Net margin. (Round your percentage answers to 2 decimal places (i.e., 0.2345 should be entered as 23.45).) a. Interest eamed b. Earnings per share cPrice-eamings ratio d. Return on average equity e. Net margin Year 3 times Year 2 times times times % % %