The following information applies to Acorn Construction Company (ACC): Net sales Income before interest and taxes Net income Year 2 $ 1,020,000 134,500 52,000 31,500 824,300 764,300 31,000 Interest expense Stockholders' equity, December 31 Common stock Preferred stock dividends Information on the number of shares outstanding is provided below: Average number of shares outstanding Year 1 Average number of shares outstanding Year 2 Year 1 $ 614,000 91,000 45,000 22,000 739,000 714,000 31,000 45,000 40,000 Required: Compute the following ratios for ACC for Year 2 and Year 1: Note: Round your intermediate and final answers to 2 decimal places.

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A: AGI deduction=0 Adjusted gross income=107800-0 =107800

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