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  3. vernon company's income statement information foll

Vernon Company's income statement information follows: The average number of shares outstanding was 7,800...

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Accounting

Vernon Company's income statement information follows:
The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2.
Required
Compute the following ratios for Vernon 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, $68 per share; Year 2, $77 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. (i.e.,0.2345 should be entered as 23.45).)
e. Net margin. (Round your percentage answers to 2 decimal places. (i.e.,0.2345 should be entered as 23.45).)
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