Thornton 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: $196,000) Common stock, December 31 Year 3 $430,000 114,000 55,560 8,500 297,000 195,000 Year 2 $ 253,000 85,000 63,200 7,850 225,000 172,500 The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2 Required Compute the following ratios for Thornton 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. $66 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. (l... 0.2345 should be entered as 23.45).) e. Net margin. (Round your percentage answers to 2 decimal places. (.e., 0.2345 should be entered as 23.45).)