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Solvency and Profitability Trend Analysis Addal Company has provided the following comparative information: 20Y8 2017 20Y6 20Y5 20Y4 Net income $1,283,500 Interest expense 436,400 Income

image text in transcribedimage text in transcribedimage text in transcribed Solvency and Profitability Trend Analysis Addal Company has provided the following comparative information: 20Y8 2017 20Y6 20Y5 20Y4 Net income $1,283,500 Interest expense 436,400 Income tax expense 410,720 $1,106,500 $929,800 $794,700 $673,500 398,300 344,000 262,300 208,800 309,820 260,344 206,622 161,640 Total assets (ending balance) Total stockholders' equity (ending balance) Average total assets Average stockholders' equity 6,934,475 2,231,385 7,107,025 2,449,427 2,186,759 1,905,328 7,279,575 5,260,425 5,443,777 4,128,198 2,667,469 1,706,049 2,104,607 1,262,765 6,270,000 5,352,101 4,536,481 3,852,838 1,470,524 1,683,686

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