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Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 20Y5: December 31 2017
Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 20Y5: December 31 2017 2016 2015 Total assets $188,000 $169,000 $150.000 60,000 60,000 60,000 Notes payable (8% interest) Common stock 24,000 24,000 24,000 Preferred 3% stock, $100 par 12,000 12,000 12,000 (no change during year) Retained earnings 67.600 47,185 36,000 The 2017 net income was $20,775, and the 20Y6 net income was $11,545. No dividends on common stock were declared between 2045 and 2047. Preferred dividends were declared and paid in full in 2016 and 2047. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the years 20Y5 and 2017. When required, round to one decimal place. 2017 2016 Return on total assets % Return on stockholders' equity mi % % Return on common stockholders' equity % 996
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