Problem 11-7A Your answer is partially correct. Try again. Flint Company manufactures backpacks. During 2017, Flint issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The flowing financial information is avallable for Flint Company for the years 2017 and 2016. 2017 2016 $18,000,000 $18,000,000 4,480,000 5,000,000 420,000 1,340,000 1,500,000 2,670,000 3,078,000 900,000 900,000 Net income Interest expense 1,500,000 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 47,062,500 53,289,000 18,000,000 9,000,000 28,200,000 42,300,000 Use the information above to calculate the following ratios for both years: (Round answers to i decimal place, e.g. 12.5% or 12.5.) 2017 2016 (1) Return on assets rved. A 434 PM A 11/30/2018 re to search 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 dy 15.891 % 74.581 % 26.67 % 4.88 times 16.476 times Click if you would like to Show Work for this question: Open Show Work LINK TO TEXI SAVEFOR LATER Question Attempts: 1 of 3 used here to search