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Profitability Ratios The following selected data were taken from the financial statements of Squiggle Group Inc. for December 31, 2016, 2015 and 2014: December 31

Profitability Ratios

The following selected data were taken from the financial statements of Squiggle Group Inc. for December 31, 2016, 2015 and 2014:

December 31
2016 2015 2014
Total assets $325,000 $293,000 $261,000
Notes payable (10% interest) 110,000 110,000 110,000
Common stock 44,000 44,000 44,000
Preferred 6% stock, $100 par 22,000 22,000 22,000
(no change during year)
Retained earnings 123,720 89,690 66,000

The 2016 net income was $35,350, and the 2015 net income was $25,010. No dividends on common stock were declared between 2014 and 2016.

a. Determine the rate earned on total assets, the rate earned on stockholders' equity, and the rate earned on common stockholders' equity for the years 2015 and 2016. When required, round to one decimal place.

2016 2015
Rate earned on total assets % %
Rate earned on stockholders' equity % %
Rate earned on common stockholders' equity % %

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