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 20Y5 Total assets $316,000 $285,000 $254,000 Notes payable (8% interest) 110,000 110,000 110,000 Common stock 44,000 44,000 44,000 Preferred 7% stock, $100 par 22,000 22,000 22,000 (no change during year) Retained earnings 100,925 80,410 66,000 The 2017 net income was $22,055, and the 2016 net income was $15,950. 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 return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round to one decimal place. 20Y7 10.3 2016 % 9.1 % 14.1% 11.5 % 50.12 X % 36.25 X % . Since the return on assets is less than the return on stockholders' equity in both years, there must be Return on total assets Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that the company's profitability has improved positive leverage from the use of debt.