Solvency and Profitability Trend Analysis Addal Company has provided the following comparative information: 2048 2017 2016 2045 2014 Net Income $1,265,100 $1,090,600 $916,500 $783,300 $663,800 Interest 430,100 392,600 339,100 258,500 expense 205,800 Income tax 404,832 305,368 256,620 203,658 159,312 expense Total assets (ending 7,064,676 7,424,212 5,361,994 5,556,266 4,213,502 balance) 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: 2014-2018 Return on total assets 23.1% Return on stockholders 47.6% equity Times Interest earned 4.6 Ratio of liabilities to 2.1 stockholders' equity Required: 1. Determine the following for the years 2014 through 2018. Round to one decimal place: ..mon total 2018 23.40 2017 23.20 2016 23 2015 22.50 20 22.10 47.6% equity Times interest earned 4.6 Ratio of liabilities to 2.1 stockholders' equity Required: 1. Determine the following for the years 2014 through 2018. Round to one decimal place: a. Return on total assets: 20Y8 23.40% 20Y7 23.20 % 2016 23 % 20YS 22.50 % 2014 22.10 % b. Return on stockholders' equity: 20Y8 50.80 % 2017 49% 2046 47.20 % 2045 45.60% 2014 44.20 % C. Times interest earned: 2048 X 2017 X 2016 20Y5 X 2014 d. Ratio of tlabilities to stockholders' equity: 2018 X 2017 x 2016 20YS 2014 x 2. Refer to the selected industry ratios provided above. Both the rate earned on tot