The Following Information Applies to Acorn Construction Company (ACC) Information on the Number of Shares Outstanding Is Provided Below

The following information applies to Acorn Construction Company (ACC):
$\begin{array}{lrr}&\text { Year } 2&\text { Year } 1\\\text { Net sales } & \$ 880,000 & \$ 600,000 \\\text { Income before interest and taxes } & 127,500 & 84,000 \\\text { Net income } & 59,000 & 52,000 \\\text { Interest expense } & 24,500 & 15,000 \\\text { Stockholders' equity, December } 31 & 810,300 & 725,000 \\\text { Common stock } & 750,300 & 700,000 \\\text { Preferred stock dividends } & 24,000 & 24,000\end{array}$ Information on the number of shares outstanding is provided below:
Average number of shares outstanding Year 1 $\quad$$\quad$ 38,000
Average number of shares outstanding year 2 $\quad$$\quad$ 33,000 Required:
Compute the following ratios for ACC for Year 2 and Year 1: Number of times interest is earnedEarnings per sharePrice-earnings ratio (Market prices: Year 2 $17.50 per share, Year 1 $15.00 per share)Return on equityNet margin