Year 3. Year 2 Net sales $414,000 $261,000 Income before interest and taxes Net income after taxes: 117,000 79,000 55,16

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Year 3 Year 2 Net Sales 414 000 261 000 Income Before Interest And Taxes Net Income After Taxes 117 000 79 000 55 16 1 (39.41 KiB) Viewed 30 times

Year 3. Year 2 Net sales $414,000 $261,000 Income before interest and taxes Net income after taxes: 117,000 79,000 55,160 62,300 Interest expense 9,100 7,450 313,000 227,000 Stockholders' equity, December 31 (Year 1: $197,000) Common stock, December 31 195,000 175,000 The average number of shares outstanding was 7,800 for Year 3 and 7,000 for Year 2. Required Compute the following ratios for Baird 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, $75 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. (.e., 0.2345 should be entered as 23.45).) e. Net margin. (Round your percentage answers to 2 decimal places. (...0.2345 should be entered as 23.45).) Year 2 Year 3 12.85 times a. Times interest eamed. 10.60 times b. Earnings per share c. Price-eamings ratio times times % d. Return on average equity % e. Net margin % %