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correct the one with a red X 2014 Income tax expense Solvency and Profitability Trend Analysis Crosby Company has provided the following comparative information: 2018

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2014 Income tax expense Solvency and Profitability Trend Analysis Crosby Company has provided the following comparative information: 2018 2017 2016 2015 Net Income $5,571,720 $3,714,480 $2,772,000 $1,848,000 Interest expense 1,052,060 891,576 768,600 610,000 1,225,572 845,222 640,320 441,600 Total assets (ending balance) 29,378,491 22,598,839 17.120,333 12,588,480 Total stockholders' equity (ending balance) 18,706,200 13,134,480 9,420,000 6,648,000 Average total assets 25,988,665 19,859,586 14,854,406 11,370.240 Average total stockholders' equity 15,920,340 11,277,240 8,034.000 5,724,000 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 2014-2018 Return on total assets Return on stockholders' equity 269 Times interest earned Ratio of liabilities to stockholders' equity $1,400,000 500,000 320,000 10,152,000 4.800,000 8,676,000 4,100,000 199 1. Determine the following for the years 2014 through 2018 for each of the graphes bele. Use the . Return on total ases: given above in your c o m. Red e deciple 30.0% 25.0% Rotum on Total Art 2018 2017 2046 2045 20Y4 - Companyament Indremos 2018 2017 2046 2015 2014

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