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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

`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, $69 per share; Year 2, $74 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).)