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Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2 Year 1 Net income $1,010,800 $871,400 $732,300 $625,900 $530,400

Critelli Company has provided the following comparative information:

Year 5 Year 4 Year 3 Year 2 Year 1
Net income $1,010,800 $871,400 $732,300 $625,900 $530,400
Interest expense 343,700 313,700 271,000 206,500 164,400
Income tax expense 323,456 243,992 205,044 162,734 127,296
Average total assets 6,184,932 5,461,290 4,666,512 3,963,810 3,372,816
Average stockholders' equity 2,114,644 1,894,348 1,656,787 1,469,249 1,287,379

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
Return on total assets 21.6 %
Return on stockholders' equity 44.6 %
Times interest earned 4.6

Instructions:

Calculate three ratios for Year 1 through Year 5. Round to one decimal place.

a. Return on total assets:

Year 5 fill in the blank 1 %
Year 4 fill in the blank 2 %
Year 3 fill in the blank 3 %
Year 2 fill in the blank 4 %
Year 1 fill in the blank 5 %

b. Return on stockholders' equity:

Year 5 fill in the blank 6 %
Year 4 fill in the blank 7 %
Year 3 fill in the blank 8 %
Year 2 fill in the blank 9 %
Year 1 fill in the blank 10 %

c. Times interest earned:

Year 5 fill in the blank 11
Year 4 fill in the blank 12
Year 3 fill in the blank 13
Year 2 fill in the blank 14
Year 1 fill in the blank 15

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