1011 Home x | LTI Launch * CengageNOWv2 | Online teachin x + v2. cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false nework 3-Problems Print Item Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 20Y6, and 20Y5: December 31 20Y7 20Y6 20YS Total assets $4,800,000 $4,400,000 $4,000,000 Notes payable (8% interest) 2,250,000 2,250,000 ,250,00 Common stock 250,000 250,000 250,00 Preferred 4% stock, $100 par (no change during year) 500,000 500,000 500,000 etained earnings 1,574,000 1,222,00 50,000 he 20Y7 net income was $372,000, and the 206 net income was $492,000. No dividends on comm e declared and paid in full in 20Y6 and 2017. a. Determine the return on total assets, the ret ckholders' equity, and the return on common stock 20Y7 20Y6 Return on total assets x % X % Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that the company's profitability has X . Because the return * the return on total assets in both years, there is X leverage from the use of debt. Check My Work Previous Next ogress: 4/6 items All work saved . Save and Exit Submit Assignment for Grading nment Score: 92.21% OMBOLO @ Apr 13 11:21 0 0 9 0 SAMSUNG esc Oil backspace CO O 2 9 4 tab W e t y U O D enter d g h L a S shift b m