I would like some assistance in solving this problem.

Question 10 of 10 -12 Sosh Company manufactures backpacks. During 2022. Spahin issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Spahn Company for the years 2022 and 2021 2022 2021 Sales revenue 59,000,000 $9.000.000 Net income 2.240.000 2.500,000 Interest expense 500,000 140,000 Tax expense 670.000 750,000 Dividends paid on common stock 890,000 1,026,000 Dividends paid on preferred stock 300,000 300.000 Total assets (year-end) 14,500,000 16,875,000 Average total assets 15.687,500 17.763,000 Totaltabear-end) 6.000.000 3.000.000 Ave total common stockholders equity 9,400,000 14.100.000 2022 2021 Return on assistito 14.3 14.1 20.6% 15.6% Return on common stockholders equity ratio Payout ratio Debt to assets ratio 39.7% 41.0 414 178% u Nich O @ 77"F DIE Hame ing 5 6 8 9 E RT U P n Average totalassets 15,687.500 17.763.000 Total liabilities (year-end) 6,000,000 3,000,000 Avg. total common stockholders equity 9,400,000 14,100,000 2022 2021 Return on assets ratio 14.3% 14.1% Return on common stockholders' equity ratio 20.6% 15.6% Payout ratio 39.7% 41.0% Debt to assets ratio 414% 17.8% Times interest earned ratio 6.8 times 24.2 times Discuss the changes in the company's profitability from 2021 to 2022 . . OWO O 9 - E - 77F E Puson Home End Vous & 5 6 7 B E R TY . D F G H J K L Question 10 of 10