Problem 11-7A Bridgeport Company manufactures backpacks. During 2017, Bridgeport issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Bridgeport Company for the years 2017 and 2016 2017 2016 $10,800,00 $10,800,000 2,688,000 3,000,000 196,000 900,000 1,246,000 1,436,400 420,000 17,400,000 20,250,000 21,962,500 24,969,200 9,400,000 4,200,000 Avg. total common stockholders equity 13,160,000 19,740,000 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) 700,000 804,000 420,000 Use the information above to calculate the following ratios for both years: (Round ans vers to 1 decimal place, e.g. 12.5% or 12.5. 2017 2016 (1) (2) (3) (4) (5) Return on assets Return on common stockholders' equity Payout ratio Debt to assets ratio Times interest earned times times