Solvency and Profitability Trend Analysis Crosby Company has provided the following comparative information: 2018 2017 2016 2015 2014 Net income Interest expense Income tax expense $5,571,720 $3,714,480 $2,772,000 $1,848,000 $1,400,000 1,052,060 891,576 768,600 610,000 500,000 1,225,572 845,222 640,320 441,600 320,000 Total assets (ending balance) Total stockholders' equity (ending balance) Average total assets Average total stockholders' equity 18,706,200 13,134,480 25,980,665 15,920,340 19,859,586 11,277,240 29,378,491 22,598,839 17,120,333 9,420,000 14,854,406 11,370,240 5,724,000 12,588,480 10,152,000 6,648,000 4,800,000 5,676,000 8,034,000 4,100,000 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 19% Return on stockholders' equity 26% Times interest earned 3.4 Ratio of liabilities to stockholders' equity 1.4 Required: 1. Determine the following for the years 2014 through 2018 for each of the graphs below. Use the amounts given above in your calculations. Round to one decimal place