Solvency and Profitability Trend Analysis Addal Company has provided the following comparative information: 20YB 2017 2015 2014 Net income $1,265,100 $1,090,600 $916,500 $783,300 $663,800 2016 Interest expense 430,100 392,600 339,100 258,500 205,800 404,832 305,368 256,620 203,658 159,312 Income tax expense Total assets (ending balance) 7,064,6767,424,212 5,361,994 5,556,266 4,213,502 Total stockholders' equity 2,265,550 2,715,158 1,736,270 2,147,204 1,288,322 (ending balance) Average 7,244,444 6,393,103 5,459,130 4,630,222 3,934,842 total assets Average stockholders' 2,490,354 2,225,714 1,941,737 1,717,763 1,501,810 equity 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: 20Y4-2018 Return on total assets 23.1% Return on stockholders! 47.6% equity Times interest earned Ratio of liabilities to 2.3 stockholders' equity Required: 1. Determine the following for the years 2014 through 20Y8. Round ta ane decimal place a. Return on total 23.40 4.6 2018 23.20 2017 2016 2013 23 22.50 2014 22.10 1. Determine the following for the years 2014 through 2018. Round to one decimal place: a. Return on total assets: 2048 2017 2046 2015 23.40 % 23.20 % 23 % 22.50 % 2014 22.10 % b. Return on stockholders' equity: 2048 50.80 % 2017 49% 2016 47.20 % 2015 45.60 % 2014 44.20 % C. Times interest earned: 2048 4.88 x 2017 4:56 x 2016 4.46 x 2015 4.82 X 2014 5.00 d. Ratio of abilities to stockholders' equity: 20Y8 2.12 x 2017 1.73 x 2016 2.09 2015 1.59 X 2014 2.27 x