Shown below is the liabilities and stockholders' equity section of the balance sheet for Kingbird Company and Oriole Company. Each has assets totaling 54,105,000 OrioleCo. $324,000 Current liabilities $384.000 Kingbird Co Current liabilities Long-term debt.9% Common stock ($20 par Retained earnings (Cash dividends, $222,000) 1,240.000 Common stock (520 par) 1,890.000 Retained earnings (Cash dividends, $355,000) 651,000 3,070,000 651,000 $4,105,000 $4,105,000 For the year, each company has earned the same income before interest and takes Kingbird Co. Orioleco 51.280,000 $1.280,000 Income before interest and ta Interest expense 111,600 0 1.168,400 1.280,000 Income taces (20%) 233.680 256,000 Netincome 5934,720 $1,024,000 For the year, each company has earned the same income before interest and taxes, Kingbird Co. Oriole Co. $1.280,000 $1.280,000 Income before interest and taxes Interest expense 111,600 1.168.400 1,280,000 Income taxes (20%) D. 233,680 256,000 Net income $934,720 $1,024,000 At year-end, the market price of Kingbird's stock was $101 per share, and Oriole'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, eg, 16.85%) Return on total assets Kingbird Company % Oriole Company % Which company is more profitable in terms of return on total assets? 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 equity Kingbird Company % Oriole 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, eg. $6.85.) Net income per share Kingbird Company Oriole Company $ Which company has the greater net income per share of stock? Neither company issued or reacquired shares during the year. (c) Calculate the Net income per share. (Round answers to 2 decimal places, es. $6.85.) Net income per share Kingbird Company $ Oriole 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 Kingbird 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, es. $6.85.) Book value per share Kingbird Company $ Oriole Company $