Please use the financial statements below to respond to the following questions:

$1.$ Calculate the return on equity $($ROE$)$ and return on assets $($ROA$)$ for $2019$ and $2018$ to two decimal places.

$2.$ Please note next to each ratio what this ratio tells us$.$

$3.$ Please compare the company ratios with the industry averages noted at the end of the page and determine how the company compares to the industry.

$20192018$

Return on equity $($ROE$)0\mathrm{.}460\mathrm{.}43$

Return on assets $($ROA$)0\mathrm{.}260\mathrm{.}28$

Number of shares of common stock outstanding $1,570$ in $2018$ and $2019$

Industry Averages:

Return on equity $($ROE$)45\mathrm{.}0\%$

Return on assets $($ROA$)16\mathrm{.}2\%$

$*$ The company paid out a portion of the net income as dividends in $2018$ and $2019.$