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Problem 9-4 Montana Company's income statement information follows. 2018 2017 960,000 255,000 183,600 27,000 750,000...

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Problem 9-4 Montana Company's income statement information follows. 2018 2017 960,000 255,000 183,600 27,000 750,000 2016 Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 1,200,000 270,000 194,400 30,000 900,000 2,000,000 The average number of shares outstanding was 30,000 for 2018 28,500 for 2017 REQUIRED Compute the following ratios for Montana for 2018 and 2017 1 Net margin 2 Eamings per share based on the average number of shares outstanding 3 Price-earnings ratios for 2018 and 201Share price below 2018 $ 2017 $ 4 Times interest earned 5 Return on average equity per share 50 42 per share Express the formula and show numbers in the formulas to receive full credit. Two decimals for ratios and whole percentages are acceptable for reporting

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