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Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income Interest expense Income tax
Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income Interest expense Income tax expense Total assets (ending balance) Total stockholders' equity (ending balance) Average total assets Average stockholders' equity $1,163,700 $1,003,200 $843,000 $720,500 $610,600 395,700 361,200 311,900 237,800 189,300 372,384 280,896 236,040 187,330 146,544 6,364,558 6,684,814 4,829,110 4,999,826 3,791,535 2,045,505 2,447,545 1,565,255 1,932,671 1,159,603 6,524,686 5,756,962 4,914,468 4,166,522 3,539,381 2,246,525 2,006,400 1,748,963 1,546,137 1,350,885 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: 20Y4-20Y8 Return on total assets Return on stockholders' equity Times interest earned 23.6% 48.6% 4.6 Ratio of liabilities to stockholders' equity 2.1 Required: 1. Determine the following for the years 2014 through 20Y8. Round to one decimal place:
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