Solvency and Profitability Trend Analysis Addal Company has provided the following comparative information: 2018 2017 2016 2015 2014 Net Income $1,265,100 $1,090,600 $916,500 $783,300 $663,800 Interest 430,100 392,600 339,100 258,500 205,800 expense Income tax 404,832 305,368 256,620 203,658 expense 159,312 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 a. Batum on total assets 2018 2012 2046 2015 2014 Motum on totholders' equity Required: 1. Determine the following for the years 2014 through 2078. Round to one decimal place: 2. Return on total assets: 2018 2017 9 2016 2015 % 2014 % b. Return on stockholders' equity: 2018 % 2017 % 2016 % 2015 % 2014 % c. Times interest camed: 2048 2017 2016 ll! 2045 2014 d. Ratio of liabilities to stockholders' equity: 20Y8 2012 2016 2015 2014