Shown below is the liabilities and stockholders equity section of the balance sheet for Jana Kingston Company and Mary Ann Benson Company Each has assets totaling $4,425,300 Jana Kingston Co Mary Ann Benson Co Current liabilities $316,200 Current liabilities $703,200 Long term debt,11 1,260,000 Common stock ($20 par) 3,008,000 Common stock ($20 par) 2,135,000 Retained earnings (Cash dividends, $328,500) 714,100 Retained earnings (Cash dividends, $220,800) 714,100 $4,425,300 $4,425,300 For the year, each company has earned the same income before interest and taxes Jana Kingston Co Mary Ann Benson Co Income before interest and taxes $1,214,000 $1,214,000 Interest expense 138,600 0 1,075,400 1,214,000 Income taxes (45 ) 483,930 546,300 Net income $591,470 $667,700 At year end, the market price of Kingstons stock was $101 per share, and Bensons was $63 50 Assume balance sheet amounts are representative for the entire year (a)Calculate the return on total assets (Round answers to 2 decimal places, e g 16 85 ) Return on total assets Kingston Company Benson Company Which company is more profitable in terms of return on total assets Kingston CompanyBenson Company (b)Calculate the return on common stock equity (Round answers to 2 decimal places, e g 16 85 ) Return on common stock equity Kingston Company Benson Company Which company is more profitable in terms of return on common stock equity Kingston CompanyBenson Company (c)Calculate the Net income per share (Round answers to 2 decimal places, e g $6 85 ) Net income per share Kingston Company $ Benson Company $ Which company has the greater net income per share of stock Neither company issued or reacquired shares during the year Kingston CompanyBenson Company (d1)From the point of view of net income, is it advantageous to the stockholders of Jana Kingston Co to have the long term debt outstanding NoYes (e)What is the book value per share for each company (Round answers to 2 decimal places, e g $6 85 ) Book value per share Kingston Company $ Benson Company $

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Shown below is the liabilities and stockholders equity section of the balance sheet for Jana Kingston Company and Mary Ann Benson Company. Each has assets

Shown below is the liabilities and stockholders equity section of the balance sheet for Jana Kingston Company and Mary Ann Benson Company. Each has assets totaling $4,425,300.

Jana Kingston Co.	Mary Ann Benson Co.
Current liabilities	$316,200	Current liabilities	$703,200
Long-term debt,11%	1,260,000	Common stock ($20 par)	3,008,000
Common stock ($20 par)	2,135,000	Retained earnings (Cash dividends, $328,500)	714,100
Retained earnings (Cash dividends, $220,800)	714,100
$4,425,300	$4,425,300

For the year, each company has earned the same income before interest and taxes.

Jana Kingston Co.	Mary Ann Benson Co.
Income before interest and taxes	$1,214,000	$1,214,000
Interest expense	138,600	0
1,075,400	1,214,000
Income taxes (45%)	483,930	546,300
Net income	$591,470	$667,700

At year end, the market price of Kingstons stock was $101 per share, and Bensons was $63.50. Assume balance sheet amounts are representative for the entire year.

(a)Calculate the return on total assets?(Round answers to 2 decimal places, e.g. 16.85%.)