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The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data:

The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 18.1% O 21.1% $962000 $883000 271000 250000 81300 303000 2023 The return on assets for 2024 is 81300 303000 306700 248700 167000 35500 981000

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