Return on Total Assets A company reports the following income statement and balance sheet Information for the current year: Net Income $526,280 Interest expense 92,870 Average total assets 1,270,000 Determine the return on total assets. If required, round the answer to one decimal place. % Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $710,000 Preferred dividends $40,000 Shares of common stock outstanding 50,000 Market price per share of common stock $158.12 a. Determine the company's earnings per share on common stock, Round your answer to the nearest cent. Use the rounded answer of requirement a fue subsequent requirement, if required. b. Determine the company's price-carnings ratio. Round to one decimal place