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Profitability Ratios The following selected data were taken from the financial statements or Vidahill Inc. for December 31, 2017, 2016, and 20YS: December 31 2017

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Profitability Ratios The following selected data were taken from the financial statements or Vidahill Inc. for December 31, 2017, 2016, and 20YS: December 31 2017 2016 2015 Total assets $305,000 $275,000 $245,000 Notes payable (8% Interest) 100,000 100,000 100,000 Common stock 40,000 40,000 40,000 Preferred 6% stock, $100 par 20,000 20,000 20,000 (no change during year) Retained earnings 101,000 77,400 60,000 The 2017 net income was $24,800, and the 2016 net income was $18,600. No didends on common stock were declared between 20Y5 and 2047. Preferred dividends were declared and paid in full in 2016 and 2017. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the years 2076 and 2047. When required, round to one decimal place, 2017 2016 Return on total assets % % Return on stockholders' equity % % Return on common stockholders' equity % NI

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