h 1 partial financial reports Income statement Interest expense Net income Balance sheet: 2020 2019 -X $ 6,200 $ 3,600 4,700 6,200 Total assets $ 105,000 $ 95,000 Preferred shares, $1.15 200 shares issued and outstanding 4,000 4,000 Common shareholders' equity 56,000 53,000 Total shareholders' equity 60,000 57,000 Print Done Waldy Consulting Ltd. reported the figures shown below for 2020 and 2019 (Click the icon to view the partial financial reports.) Required 1 2 Compute the rate of return on total assets (ROA) and rate of return on common shareholders' equity (ROE) for 2020 Do these rates of return suggest strength or weakness? Give your reasons. Calculate the rate of return on total assets (Round all interim calculations to the nearest whole number. Round your final a Rate of return on total assets % Calculate the rate of return on common shareholders' equity (Round all interim calculations to the nearest whole number. Re Rate of return on common shareholders' equity Do these rates of return suggest strength or weakness? Give your reasons These rates of return suggest because the return on equity is but the return on assets mon shareholders' equity (ROE) for 2020 nearest whole number. Round your final answers to two decimal places.) alculations to the nearest whole number. Round your final answers to two decimal places.) but the return on assets meaning that the company is paying for its borrowed funds than it is samning