Problem 11-7A Ayaya Company manufactures backpacks. During 2017, Ayaya issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Ayayai Company for the years 2017 and 2016. 2017 2016 Sales revenue Net income Interest expense Tax expense Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) Average total assets Total liabilities (year-end) Avg. total common stockholders' equity $19,350,000 $19,350,000 5,375,000 175,000 1,612,500 1,282,500 375,000 31,175,000 36,281,250 19,609,375 22,203,750 3,750,000 11,750,000 17,625,000 4,816,000 625,000 1,440,500 1,112,500 375,000 7,500,000 Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, eg, 12.5% or 12.5.,) 2017 2016 (1) Return on assets (2) Return on common stockholders' equity (3) Payout ratio (4) Debt to assets ratio (5) Times interest earned Click if you would like to Show Work for this question: times times Open Show Work