SolvencyandProfitabilityTrend Analysis

Crosby Company has provided the following comparative information:

20Y820Y720Y620Y520Y4Net income$5,571,720$3,714,480$2,772,000$1,848,000$1,400,000Interest expense1,052,060891,576768,600610,000500,000Income tax expense1,225,572845,222640,320441,600320,000Total assets (ending balance)29,378,49122,598,83917,120,33312,588,48010,152,000Total stockholders' equity (ending balance)18,706,20013,134,4809,420,0006,648,0004,800,000Average total assets25,988,66519,859,58614,854,40611,370,2408,676,000Average total stockholders' equity15,920,34011,277,2408,034,0005,724,0004,100,000

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:

20Y4-20Y8Return on total assets19%Return on stockholders' equity26%Times interest earned3.4Ratio of liabilities to stockholders' equity1.4

Required:

1.Determine the following for the years 20Y4 through 20Y8 for each of the graphs below. Use the amounts given above in your calculations. Round to one decimal place.