Shown below is the liabilities and stockholders' equity section of the balance sheet for Ivanhoe Company and Shamrock Company. Each has assets totaling $4,043,000. Ivanhoe Co. Shamrock Co. Current liabilities $282,000 Current liabilities $362,000 Long-term debt, 9% 1,150,000 Common stock ($20 par) 3,040,000 Common stock ($20 par) 1,970,000 Retained earnings (Cash dividends, $311,000) 641,000 Retained earnings (Cash dividends, $203,000) 641,000 $4,043,000 $4,043,000 For the year, each company has earned the same income before interest and taxes. Ivanhoe Co. Shamrock Co. Income before interest and taxes $1,320,000 $1,320,000 Interest expense 103,500 0 1,216,500 1,320,000 Income taxes (20%) 243,300 264,000 Net income $973,200 $1,056,000 At year-end, the market price of Ivanhoe's stock was $101 per share, and Shamrock's 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 Ivanhoe Company % Shamrock 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, e.g. 16.85%.) Return on common stock equity Ivanhoe Company % Shamrock Company % 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.) Net income per share Ivanhoe Company $ Shamrock Company Which company has the greater net income per share of stock? Neither company issued or reacquired shares during the year. (d1) From the point of view of net income, is it advantageous to the stockholders of Ivanhoe 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.g. $6.85.) Book value per share Ivanhoe Company $ Shamrock Company $