Sokov Companyâ??s income statement information follows. 20142013 Net sales$480,000$320,000 Income be

Sokov Company’s income statement information follows. 20142013 Net sales$480,000$320,000 Income before interest and taxes120,00098,000 Net income after taxes81,00072,000 Interest expense9,0008,000 Stockholders’ equity, December 31 (2012: $200,000)300,000240,000 Common stock, December 31240,000200,000 The average number of shares outstanding was 9,600 for 2014 and 8,000 for 2013. RequiredCompute the following ratios for Sokov for 2014 and 2013. 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: 2014, $64 per share; 2013, $78 per share). (Do not round intermediate calculations and round final answers to 2 decimal places.)d.Return on average equity. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45.))c.Price-earnings ratio (market prices: 2014, $64 per share; 2013, $78 per share). (Do not round intermediate calculations and round final answers to 2 decimal places.)