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		%		%