Chapter 9 Homework i 4 10 points Skipped eBook Print 10 References Vernon 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: $192,000) Common stock, December 31 The average number of shares outstanding was 7,900 for Year 3 and 7,000 for Year 2. Required Compute the following ratios for Vernon for Year 3 and Year 2. Note: Round your answer to 2 decimal places. d. Return on average equity. a. Number of times interest was earned. Note: Round your answer to 2 decimal places. b. Earnings per share based on the average number of shares outstanding. Note: Round your answer to 2 decimal places. c. Price-earnings ratio (market prices: Year 3, $66 per share, Year 2, $76 per share). a. Times interest earned b. Earnings per share c. Price-earnings ratio d. Return on average equity e. Net margin Saved Year 3 times Year 3 $ 423,000 115,000 55,160 8,950 times % % 303,000 197,500 Note: Round your percentage answer to 2 decimal places (for example, 0.2345 should be entered as 23.45). e. Net margin. Note: Round your percentage answer to 2 decimal places (for example, 0.2345 should be entered as 23.45). Year 2 time Year 2 $ 266,000 77,000 times % % 63,000 7,550 233,000 175,000 Help Sa

Vernon Compary's income statement information follows The averoge number of shares outstanding was 7,900 for Yeat 3 and 7,000 for Year 2 Required Compute the following ratios for Vernon lor Year 3 and Yoar 2 a. Number of times interest was earned Note: Round your answer to 2 decimal places. b. Eatrings per share based on the average number of shates outstanding Note: Round your answer to 2 decimal places. c. Price-earnings ratio (market prices: Year 3,566 per share, Year 2,576 per share) Note: Pound your answer to 2 decimal places. d. Return on average equity. Note: Pound your percentage answer to 2 decimal places (for example, 0.2345 should be entered as 23.45). e. Not margin Note: Pound your percentage anwwer to 2 decimal places (for example, 0.2345 should be entered as 23.45 )