Solvency and Profitability Trend Analysis 20Y4 $503,100 156,000 120,744 3,342,028 1,023,621 3,123,697 Addai Company has provided the following comparative information: 2018 2017 2016 2045 Net income $958,900 $826,600 $694,600 $593,700 Interest expense 326,000 297,600 257,000 195,900 Income tax expense 306,848 231,448 194,488 154,362 Total assets (ending balance) 5,588,234 5,884,088 4,243,840 4,407,070 Total stockholders' equity (ending balance) 1,787,273 2,150,715 1,374,231 1,706,035 Average total assets 5,736,161 5,063,964 4,325,455 3,672,558 Average stockholders' equity 1,968,994 1,762,473 1,540,133 1,364,828 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years: 2014-2018 Return on total assets 22.1% Return on stockholders' equity 45.5% Times interest earned 4.6 Ratio of liabilities to stockholders' equity 2.1 Required: 1,195,012 1. Determine the following for the years 2014 through 2018. Round to one decimal place: a. Return on total assets: 20Y8 % 2017 % 2016 % 2045 % 2014 % b. Return on stockholders' equity: 2048 % 2017 % 2016 % % 2015 2014 % C. Times interest earned: 20Y8 2017 2016 20Y5 2014 d. Ratio of liabilities to stockholders' equity: 2048 2017 2016 2015 Il 2014