Solvency and Profitability Trend Analysis Itzkoff Company has provided the following comparative information: 2012 $1,177,400 $1,015,000 $852,900 $729,000 $617,800 365,400 315,600240,600 191,500 284,200 238,812 189,540 148,272 6,922,072 7,291,442 5,257,648 5,462,536 4,142,423 1,265,625 7,106,757 6,274,545 5,360,092 4,552,113 3,872,249 2,432,6452,178,112 1,903,795 1,687,500 1,477,990 2016 2015 2014 2013 Net income Interest expense Income tax expense Total assets (ending balance) Total stockholders' equity (ending balance) 2,207,281 2,658,009 1,698,215 2,109,375 Average total assets Average stockholders' 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 400,300 376,768 2012-2016 21.9% 45.2% Rate earned on total assets Rate earned on stockholders' equity Number of times interest charges are earned Ratio of liabilities to stockholders' equity Required: 1. Determine the following for the years 2012 through 2016. Round to one decimal place: a. Rate earned on total assets: 2.1 Next All work saved. Email Instructor Save and Exit Submit Assignment for Grading 5:34 PM 12/9/2018 a. Rate earned on total assets: 2016 2015 2014 2013 2012 b. Rate earned on stockholders' equity: 2016 2015 2014 2013 2012 c. Number of times interest charges are earned: 2016 2015 2014 2013 2012 d. Ratio of liabilities to stockholders' equity: 2016 Next All work saved. Email InstructorSave and Exit Submit Assignment for Grading b. Rate earned on stockholders' equity: 2016 2015 2014 2013 2012 C. Number of times interest charges are earned: 2016 2015 2014 2013 2012 d. Ratio of liabilities to stockholders' equity: 2016 2015 2014 2013 2012 2. Refer to the selected industry ratios provided above Next All work saved. Email InstructorSave and Exit Submit Assignment for Grading