(Solved): I need help figuring out how to calculate the number of shares outstanding Vernon Company's income ...

I need help figuring out how to calculate the number of shares outstanding 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

decimal places.) b. Earnings per share based on the average number of shares outstanding. (Round your answers to

decimal places.) c. Price-earnings ratio (market prices: Year 3, $69 per share; Year 2, $74 per share).(Round your intermediate and final answers to

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).)