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Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31
Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 20Y7 Total assets 20Y6 $182,000 $164,000 $146,000 20Y5 Notes payable (8% interest) Common stock Preferred 5% stock, $100 par (no change during year) Retained earnings 60,000 60,000 60,000 24,000 24,000 24,000 12,000 12,000 12,000 75,640 51,100 36,000 The 2017 net income was $25,140, and the 20Y6 net income was $15,700. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. Round percentages to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity % % % % Return on common stockholders' equity % %
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