Manning Company has $1,000,000 in assets and $1,000,000 in stockholders' equity, with 50,000 shares outstanding the entire year. It has a return on assets ratio of 9%. In the past year it had net income of $75,000. On January 1, 2017, it issued $300,000 in debt at 5% and immediately repurchased 25,000 shares for $300,000. Management expected that, had it not issued the debt, it would have again had net income of $75,000.

Determine the Company's net income and earnings per share for 2016 and 2017.(Ignore taxes in your computations.)

2016	2017
Net income	$	$
Earnings per share(Round 2 decimal places, e.g. 1.25.)	$	$

Compute the Company's return on common stockholders' equity for 2016 and 2017.(Round answers to 1 decimal place, e.g. 5.2%.)

2016	2017
Return on common stockholders' equity	%	%

Compute the company's debt to assets ratio for 2016 and 2017.(Round answers to 0 decimal places, e.g. 25%. If answer is zero please enter 0, do not leave any fields blank.)

2016	2017
Debts to assets ratio	%	%