eBook Show Me How SentSessionLocator &inpr... Q A 17 Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: December 31 2017 2016 2015 Total assets $243,000 $219,000 $195,000 Notes payable (8% interest) 80,000 80,000 80,000 Common stock 32,000 32,000 32,000 Preferred 3% stock, $100 par 16,000 16,000 16,000 (no change during year) Retained earnings 101,360 70,570 48,000 The 2017 net income was $31,270, and the 2016 net income was $23,050. No dividends on common stock were declared between 2015 and 2017. Preferred dividends were declared and paid in full in 2016 and 2017. a. Determine the retum on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. Round percentages to one decimal place. 2017 2016 X % Return on total assets Return on stockholders' equity Return on common stockholders' equity % % % % b. The profitability ratios indicate that the company's profitability has improved Since the rate of return on total assets is less than the return on Previous Next Check My Work All work saved. Save and Ext Submit Assignment for Grading