Problem 11-7A Mangold Company manufactures backpacks. During 2017, Mangold issued bonds at 12% interest and used the cash for Marigold Company for the years 2017 and 2016. proceeds to purchase treasury sto me to ing na cal information is avalable 2016 2017 12,600,000 $12,600,000 Sales revenue Net income Interest expense Tax expense Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) 3,136,000 3,500,000 252,000 938,0003,050,000 1,602,0001,846,800 40,000 20,300,000 23,625,000 28,237,500 31,973,400 10,800,0005,400,000 Average total assets Total liabilities (year-end) Avg total common stockholders' equity 16.920,000 25,380,000 Use the information above to calculate the following ratios for both years: (Round answers to decimal place, e.g. 12.5% or 12.5.) 2017 (1) (2) (3) Return on assers Return on common stockholders equity Payout ratio s Reserved. A DivsieoWl 9 2 3 5