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d. Ratio of liabilities to stockholders' equity: 20Y8 fill in the blank 16 20Y7 fill in the blank 17 20Y6 fill in the blank 18

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d. Ratio of liabilities to stockholders' equity:

20Y8 fill in the blank 16
20Y7 fill in the blank 17
20Y6 fill in the blank 18
20Y5 fill in the blank 19
20Y4 fill in the blank 20
Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 20Y8 2017 2016 20Y5 2014 Net income $1,140,600 $983,300 $826,300 $706,200 $598,500 Interest expense 387,800 354,000 305,700 233,000 185,500 Income tax expense 364,992 275,324 231,364 183,612 143,640 Total assets (ending balance) 6,951,270 7,332,842 5,283,196 5,497,756 4,169,131 2,207,603 2,666,755 1,703,467 2,121,995 1,273,197 Total stockholders' equity (ending balance) Average total assets 7,142,056 6,308,019 5,390,476 4,581,463 3,900,498 Average stockholders' equity 2,437,179 2,185,111 1,912,731 1,697,596 1,488,806 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 asset 21.1% Return on stockholders' equity 43.6% Times interest earned 4.6 Ratio of liabilities to stockholders' equity 2.1 Required: a. Return on total assets: 20Y8 % 2017 % 2016 % 20Y5 % 20Y4 % b. Return on stockholders' equity: 20Y8 % 2017 % 2016 % 2015 % 20Y4 % c. Times interest earned: 20Y8 2017 2046 2015 2014

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