Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 2017 20Y6 2015 Total assets $302,000 $272,000 $242,000 Notes payable (8% interest) 100,000 100,000 100,000 Common stock 40,000 40,000 40,000 Preferred 5% stock, $100 par 20,000 20,000 20,000 (no change during year) Retained earnings 111,590 82,410 60,000 The 2017 net income was $30,180, and the 20Y6 net income was $23,410. No dividends on common stock were declared between 2015 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 2016 and 2017. Round percentages to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity Return on common stockholders' equity 13.30 % 12.22 X % 28.20 X % 17.84 X % X % X % b. The profitability ratios indicate that the company's profitability has both years, there must be X Since the rate of return on total assets is X the return on stockholders' equity in X leverage from the use of debt.