Problem 9-22A (Algo) Ratio analysis LO 9-3, 9-4, 9-5 Benson Company's income statement information follows: Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 Year 11 $197.000) Common stock, December 31 Year 3 $411,000 119,000 55,480 9,450 305,000 195,000 Year 2 $264,000 77.000 62,600 7.850 237,000 172,500 The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2. Required Compute the following ratios for Benson 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. $67 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.li.e., 0.2345 should be entered as 23.45).) e. Net margin (Round your percentage answers to 2 decimal places. (le, 0.2345 should be entered as 23.45).) Year 3 Year 2 times times a. Times interest eamed b. Eamings per share c. Price-earnings ratio d. Return on average equity e. Net margin times times % % % %