Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: December 31 Total assets 2017 $204,000 2016 2015 $184,000 $164,000 Notes payable (8% interest) 70,000 70,000 70,000 Common stock 28,000 28,000 28,000) Preferred 7% stock, $100 par 14,000 14,000 14,000 (no change dunng year) Retained earnings 80,100 53,160 42,000 The 2017 net income was $27,920, and the 2016 net income was $12,140. No dividends on common stock were declared between 2013 and 2017. Preferred dividends were declared and paid in full in 2016 and 2017. a. Determine the return on tatal assets, the return on stockholders' equity, and the rehum an common stockholders' equity for the years 2016 and 2017. When required, round to one decimal place Return on total assets Return on stockholders' equity 2017 2016 16 Return on common stockholders' equity there must be b. The profitability ratios indicate that the company's profitability has leverage from the use of debt Since the return on assets is the return on stockholders' equity in both years