Solvency and Profitability Trend Analysis Addal Company has provided the following comparative Information: 2018 2017 2016 2045 2014 Net Income $1,130,500 $974,600 $819,000 $700,000 $593,200 Interest expense 384,400 350,900 303,000 231,000 183,900 Income tax expense 361,760 272,888 229,320 182,000 142,368 Total assets (ending balance) 6,826,806 7,200,046 5,187,804 5,397,102 4,092,802 Total stockholders' equity (ending balance) 2,170,408 2,619,846 1,673,546 2,083,334 1,250,000 Average total assets 7,013,426 6,193,925 5,292,453 4,497,585 3,828,079 Average stockholders' equity 2,395,127 2,146,696 1,878,440 1,666,667 1,461,084 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: 2014-20Y8 Return on total assets 21.3% Return on stockholders' equity 44% Times Interest earned 4.6 Ratio of liabilities to stockholders' equity 2.1 Required: 1. Determine the following for the years 2014 through 2018. Round to one decimal place: a. Return on total assets: Required: 1. Determine the following for the years 2014 through 2018. Round to one decimal place: a. Return on total assets: 20Y8 % 2017 % 20Y6 % 2015 % 2014 % b. Return on stockholders' equity: 20Y8 % 2017 % 20Y6 % 2015 % 20Y4 % c. Times interest earned: 2018 2017 2016 2045 56 2015 2015 2014 Gentame 2018 2017 2016 2015 2014 di flables torty 2018 2017 2016 2015 2014 2. Refer to the lected industry to provided above Bruction in the last this year. But mesures ved Both the rate eamed on total assets and the rate earned on oder equitywe been moving is industry average over the last two years. The cause of this change is driven by a rad ON