Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: December 31 2017 2016 2015 Total assets $162,000 $146,000 $130,000 Notes payable (8% Interest) 50,000 50,000 50,000 Common stock 20,000 20,000 20,000 Preferred 4% stock, $100 par 10,000 10,000 10,000 (no change during year) Retained earnings 60,560 39,780 30,000 The 2017 net income was $21,180, and the 2016 net income was $10,180. No dividends on common stock were declared between 2015 and 2017. Preferred dividends were declared and paid in full in 2016 and 2017 a. Determine the return on total assets, the rate earned on stockholdersecuty, and the return on cominon stockholders' equity for the years 2016 and 2017. When required, round to one decimal place. 2017 Return on total assets Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that Vidahil Inc.'s profitability has improved equity in both years, there must be positive leverage from the use of debt. . Since the rate of return on assets is less than the return on stockholders' Cho My Work Previous All work saved Save and see Submit Assignment for Grading