Martinez Company manufactures backpacks. During 2022, Martinez issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Martinez Company for the years 2022 and 2021. 2022 2021 Sales revenue Net income Interest expense $13,050,000 $13,050,000 3,248,000 3,625,000 950,000 266,000 Tax expense 971,500 1,087,500 Dividends paid on common stock 1,691,000 1,949,400 Dividends paid on preferred stock 570,000 570,000 Total assets (year-end) 21,025,000 24,468,750 Average total assets 29,806,250 33,749,700 Total liabilities (year-end) 11,400,000 5,700,000 Avg. total common stockholders' equity 17,860,000 26,790,000 Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e.g. 12.5%.) (1) Return on assets (2) Return on common stockholders' equity (3) Payout ratio (4) Debt to assets ratio 2022 % % % 2021 % % di di % % do %