he following selected data were taken from the financial statements of Robinson Inc. for December 31, 2016, 2015 and 2014: 2016 2015 2014 $,600,00 $4 400,000 .00 Total assets Notes payable (8% interest) Common stock Preferred 4% stock, $100 par $4,000,000 2,250,000 250,000 2,250,000 2,250,000 250,000 250,000 (no change during year) Retained earnings The 2016 net income was $372,000, and the 2015 net income was $492,000. No di a. Determine the rate earned on total assets, the rate earmed on stookholders equity, and 500,000 500,000 500,000 1,574,000 1,222,000 750,000 vidends on common stock were decared between 2014 and 2016. the rate earned on common stockholders equity for the years 2015 and 2016. Round to one decimal place. 2016 2015 12: V 96 16: V 96 Rate earned on total assets Rate earned on stockholders' equity Rate eamed on common stockholders' equity b. The profitability ratios indicate that Robinson inc's profitability has deteriorated V .Because the rate of return on common stockholders' equity exceeds the rate earned on total assets in both years, there is positive V leverage from the use of debt x % x%