Problem 11-7A Grouper Company manufactures backpacks. During 2017, Grouper issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Grouper Company for the years 2017 and 2016 2017 2016 Sales revenue Net income Interest expense Tax expense Dividends paid on common stock Oividends paid on preferred stock Total assets (year-end) Average total assets Total liabilities (year-end) Avg. total common stockholders' equity $12,150,000 $12,150,000 3,024,000 3,375,000 238,000 1,012,50o 1,744,200 S10,000 19,575,000 22,781,250 26,658,750 30,197,100 10,200,000 5,100,000 23,970,000 850,000 904,500 1,513,000 510,000 15,980,000 Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e.g. 12.5% or 12.5.) 2017 2016 () Return on assets (2) Return an common stockhalders' equity (3) Payout ratio (4) Debt to assets ratico (5 Times interest earned 9% times times