Problem $9-21$A $($Algo$)$ Ratio analysis LO $9-5$

Selected data for Fanning Company for Year $3$ follows:

$\backslash$table$[[$Earnings $($net income$),,$$ $185,000],[$Preferred stock $(12,700$ shares at $$40$ par, $48),,,$$ $508,000],[$Common stock $(43,200$ shares no par, market value $$59),,,517,000],[$Retained earnings,,,$566,500],[,,,1,591,500],[$Less: Treasury stock,,,$],[$Preferred $(1,800$ shares$),$$ $59,000,,],[$Common $(1,800$ shares$),21,000,,80,000],[$Total stockholders' equity,,,$1,511,500]]$

Required

a$.$ Calculate the following ratios for Fanning Company.

Note: Round intermediate calculations and final answers to $2$ decimal places.

$\backslash$table$[[$Earnings per share,$],[$Price$-$earnings ratio,$],[$Return on equity,$]]$