Question 09-17 chapter 9. The following selected data were taken from the financial statements of the OMalley group Inc. For December 31. 20Y5, 20Y4, and 20Y3.

Please see in the picture it indicates a previous incorrect rate earned on common stockholders equity in 20Y5 of 36.55%. It is also not 23.71%

Also the percent in 20Y4 is 43% which is also WRONG. It is also not 24.12%

This is my second time submitting this question.

e following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 20Y5, 20Y4, and 20Y3: December 31 20YS 20Y4 20Y3 Total assets Notes payable (5% interest) Common stock Preferred $4 stock, $50 par (no change during year) 400,000 Retained earnings Net income No dividends on common stock were declared between 20Y3 and 20Y5 $2,900,000 $2,400,000 $2,000,000 800,000800,000800,000 250,000 400,000400,000 550,000 430,000330,000 250,000 250,000 1,450,000 950,000 530.000 a. Determine the return on total assets, the return on stockholders equity, and the return on common stockholders' equity for the years 20Y4 and 20YS. Round to one decimal place 20Y4 20YS 21.5.1 v % 0.. 21.361 v % Rate earned on total assets Rate earned on stockholders' equity Rate earned on common stockholders' equity b. What conclusions can be diawn from these data as to the company's profitability? Since the rate of return on assets exceeds the cost of debt in both years, there is positive l 30.71) v % 431 x % 28.641 36.551 x % % Next Previous Check My Work