Answer a,b and c

Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2 Year 1 Net income $1,277,900 $1,101,600 $925,700 $791,200 $670,500 Interest expense 434,500 396,600 342,500 261,100 207,900 Income tax expense 408,928 308,448 259, 196 205,712 160,920 Average total assets 8,077,358 7,134,286 6,097,115 5,183,744 4,414,070 2,754,095 2,469,955 2,162,850 Average stockholders' equity 1,920,388 1,684,673 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: Industry Ratios 20.99 Return on total assets 43:29 Return on stockholders' equity Times interest earned 4.6 Instructions: Calculate three ratios for Year 1 through Year 5. Round to one ducinal place. a. Return on to All work saved C. Times interest earned: Year 5 Year 4 JUHO Year 3 Year 2 Year 1 Calculate three ratios for Year 1 through Year 5. Round to one decimal place. a. Return on total assets: Year 5 % Year 4 % Year 3 DOOOO % Year 2 % Year 1 % b. Return on stockholders' equity: Year 5 % Year 4 % Year 3 % Year 2 % Year 1 06