EX 14-17 Profitability ratios Objective 5 The followng selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5 20Y6 20Y5 $4,800,000 $4,400,000 Total assets $4,000,000 2,250,000 2,250,000 Notes payable (8% interest) 2,250,000 250,000 250,000 Common stock 250,000 Preferred 4% stock, $100 par 500,000 no change during year) 500,000 1,574,000 1,222,000 Retained eanings 750,000 20Y7. Preferred The 20Y7 net income was $372,000, and the 20YG net income was $492 000 No dividends on common stock were declared between 20Ys and dividends were declared and paxd in full in 20Y6 and 20Y7 A Determine the return on total assets, the rate eamed on stockholdersequty, and the retum on common st (Round percentages to one decimal place.) the returm on common stockholders' equity for the years 20Y6 and 20Y7 B. what conclusions can be drawn from these data as to the company's profitability? + Upload File 935 PM