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Shown below is the liabilities and stockholders' equity section of the balance sheet for Waterway Company and Sunland Company. Each has assets totaling $4,412,000. For

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Shown below is the liabilities and stockholders' equity section of the balance sheet for Waterway Company and Sunland Company. Each has assets totaling $4,412,000. For the year, each company has earned the same income before interest and taxes. At year-end, the market price of Waterway's stock was $101 per share, and Sunland's was $63.50. (a) Calculate the return on total assets? (Round answers to 2 decimal places, e.s. 16.85\%.) Which company is more profitable in terms of return on total assets? (b) Calculate the return on common stock equity? (Round answers to 2 decimal places, e.3. 16.85\%.) Which company is more profitable in terms of return on common stockholders' equity? (c) Calculate the Net income per share. (Round answers to 2 decimal places, e.g 6.85.) (d1) From the point of view of net income, is it advantageous to the stockholders of Waterway Co. to have the long-term debt outstanding? (e) What is the book value per share for each company? (Round answers to 2 decimal places, e.8. 6.85.)

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