The following information applies to Acorn Construction Company $($ACC$)$:

Year $2$ Year $1$

Net sales $ $1,040,000$ $ $680,000$

Income before interest and taxes $147,50092,000$

Net income $67,00056,000$

Interest expense $28,50019,000$

Stockholders' equity December $31818,300845,000$

Common stock $758,300820,000$

Preferred stock dividends $28,00028,000$

Information on the number of shares outstanding is provided below:

Average number of shares outstanding, Year $142,000$

Average number of shares outstanding, Year $237,000$

A$.$ Compute price$-$earnings ratio for ACC for Year $2$ and Year $1$: $($Market prices: Year $2$ $$17\mathrm{.}50$ per share, Year $1$ $$15\mathrm{.}00$ per share$)$

B$.$ Compute return on equity for ACC for Year $2$ and Year $1$:

Please complete A and B the image provided shows the numbers onlt complete A and B listed aboveRequired information

$[$The following information applies to the questions displayed below.$]$

The following information applies to Acorn Construction Company $($ACC$)$:

Information on the number of shares outstanding is provided below:

Average number of shares outstanding, Year $1,42,000$

Average number of shares outstanding, Year $2,37,000$