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HELP URGENT Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $1,030,100 $888,000 $746,200 $637,800 $540,500 Interest expense 350,200

HELP URGENT

Addai Company has provided the following comparative information:

20Y8 20Y7 20Y6 20Y5 20Y4
Net income $1,030,100 $888,000 $746,200 $637,800 $540,500
Interest expense 350,200 319,700 276,100 210,500 167,600
Income tax expense 329,632 248,640 208,936 165,828 129,720
Total assets (ending balance) 6,839,499 7,245,195 5,205,321 5,443,637 4,128,091
Total stockholders' equity (ending balance) 2,154,470 2,625,576 1,674,666 2,103,562 1,262,138
Average total assets 7,042,347 6,225,258 5,324,479 4,536,364 3,869,399
Average stockholders' equity 2,390,023 2,150,121 1,889,114 1,682,850 1,480,822

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:

20Y420Y8
Return on total assets 19.3%
Return on stockholders equity 39.9%
Times interest earned 4.6
Ratio of liabilities to stockholders' equity 2.1

Required:

1. Determine the following for the years 20Y4 through 20Y8. Round to one decimal place:

a. Return on total assets:

20Y8 fill in the blank 1%
20Y7 fill in the blank 2%
20Y6 fill in the blank 3%
20Y5 fill in the blank 4%
20Y4 fill in the blank 5%

b. Return on stockholders equity:

20Y8 fill in the blank 6%
20Y7 fill in the blank 7%
20Y6 fill in the blank 8%
20Y5 fill in the blank 9%
20Y4 fill in the blank 10%

c. Times interest earned:

20Y8 fill in the blank 11
20Y7 fill in the blank 12
20Y6 fill in the blank 13
20Y5 fill in the blank 14
20Y4 fill in the blank 15

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

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