Shown below is the liabilities and stockholders' equity section of the balance sheet for Sandhill Company and Metlock Company. Each has assets totaling $4,187,000. Sandhill Co. Metlock Co. Current liabilities $315,000 Current liabilities $425,000 Long-term debt, 10% 1,280,000 Common stock ($20 par) 3,090,000 Common stock ($20 par) 1,920,000 Retained earnings (Cash dividends, $331,000) 672,000 Retained earnings (Cash dividends, $206,000) 672,000 $4.187,000 $4,187,000 For the year, each company has earned the same income before interest and taxes. Sandhill Co. Metlock Co. Income before interest and taxes $1,280,000 $1,280,000 Interest expense 128.000 0 Income taxes (20%) 1.152.000 230,400 1.280.000 256,000 Net income $921.600 $1,024,000 At year-end, the market price of Sandhill's stock was 5101 per share, and Metlock's was $63.50 (a) Calculate the return on total assets Round onewers to 2 decimal places eg. 16.85%) (a) Calculate the return on total assets? (Round answers to 2 deciesol place 76.85 Return on total assets Sandhill company % Metlock company % 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, eg 16.85%) Return on common stock Sandhill company Metlock company equity 96 19% Which company is more profitable in terms of return on common stockholders' equity? V (c) Calculate the Net Income per share (Round answers to 2 decimal places, es 6.85) Net income per share Sandhill company S (c) Calculate the Net income per share. (Round answers to 2 decimal places, 6.85) Net Income per share Sandhill company $ Metlock company S Which company has the greater net income per share of stock? Neither company issued or reacquired shares during the year. v (d1) From the point of view of net income, is it advantageous to the stockholders of Sandhill Co. to have the long-term debt outstanding? V (e) What is the book value per share for each company? (Round answers to 2 decimal places, eg. 6.85) Book value per share Sandhill company S Matlock company $