Addai Company has provided the following comparative information: 2048 20Y7 2046 20Y5 20Y4 Net income $1,085,600 $935,900 $786,500 $672,200 $569,700 Interest expense 369,100 336,900 291,000 221,800 176,600 Income tax expense 347,392 262,052 220,220 174,772 136,728 Total assets (ending balance) 6,355,182 6,691,454 4,827,098 5,013,084 3,801,589 Total stockholders' equity (ending balance) 2,027,414 2,440,076 1,559,496 1,936,060 1,161,636 Average total assets 6,523,318 5,759,276 4,920,091 4,177,570 3,553,810 Average stockholders' equity 2,233,745 1,999,786 1,747,778 1,548,848 1,356,429 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years: 2014-20Y8 Return on total assets 22% Return on stockholders' equity 45.4% Times interest earned 4.6 Ratio of liabilities to stockholders' equity 2.1 Required: 1. Determine the following for the years 20Y4 through 20Y8. Round to one decimal place: a. Return on total assets: 20Y8 % 2017 % 2016 % 2015 % 20Y4 % b. Return on stockholders' equity: 20Y8 % 2017 % 2016 % 2015 % 2014 % c. Times interest earned: 2048 2017 2016 20Y5 2014 d. Ratio of liabilities to stockholders' equity: 2018 2047 JOIII 2016 2045 2014 2. Refer to the selected industry ratios provided above. direction in the Both the rate earned on total assets and the rate earned on stockholders' equity have been moving in last five years. Both measures have moved the industry average over the last two years. The cause of this change is driven by a rapid in earnings