Indigo Company manufactures backpacks. During 2022, Indigo issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Indigo Company for the years 2022 and 2021. 2022 2021 Sales revenue $18,450,000 $18,450,000 Net income 4,592,000 525,000 5,125,000 147,000 Interest expense Tax expense 1,373,500 1,537,500 Dividends paid on common stock 934,500 1,077,300 Dividends paid on preferred stock 315,000 315,000 Total assets (year-end) 29,725,000 34,593,750 Average total assets 32,159,375 18,651,150 Total liabilities (year-end) 6,300,000 3,150,000 Avg. total common stockholders' equity 9,870,000 14,805,000 Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e.g. 12.5% or 12.5.) 2022 2021 Average total assets 32,159,375 18,651,150 Total liabilities (year-end) 6,300,000 3,150,000 Avg. total common stockholders' equity 9,870,000 14,805,000 (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, eg. 12.5% or 12.5.) 2022 2021 (1) Return on assets 14.3 27.5 (2) Return on common stockholders' equity (3) Payout ratio (4) Debt to assets ratio (5) Times interest earned times times