Concord Company manufactures backpacks. During 2022. Concord issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Concord Company for the years 2022 and 2021. 2022 2021 Salesrevenue $17,100,000 517100,000 Net Income 4.256,000 4.750,000 Interest expense 1.400.000 392.000 Tax expense 1.273.000 1.425.000 Dividends paid on common stock 2.492.000 2,872809 Dividends paid on preferred stock 840.000 340.000 Total assets (year-end 27.550.000 32062500 Average totalt 29 306250 49.736,400 Total abilities year-end) 16,800,000 8.400,000 Avt total common stockholders equity 26,320.000 39.400.000 (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, eg. 12.5% or 12.5.) 2022 2021 (1) Return on assets 101 ) 12) Return on common stockholders' equity 3 M 13) Payout ratio 58% 14) Debt to assets ratio 61 (5) Times interesteamed times times