The following selected data were taken from the financial statements of the Winter Group for the three most recent years of operations: Dec. 31, Year 3 Dec. 31, Year 2 Dec. 31, Year 1 $3,000,000 Total assets $2,700,000 $2,400,000 Notes payable (10% interest) 1,000,000 1,000,000 1,000,000 400,000 Common stock 400,000 400,000 Preferred $6 stock, $100 par 200,000 200,000 200,000 Retained earnings 1,126,000 896,000 600,000 The Year 3 net income was $242,000 and the Year 2 net income was $308,000. No dividends on common stock were declared during the 3 years. Required: a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for Years 2 and 3. If required, round your answers to one decimal place. Year 3 Year 2 % Return on Total Assets % Return on Stockholders' Equity % % Return on Common Stockholders' Equity % % b. What conclusion can be drawn from these data as to the company's profitability? The profitability ratios indicate that The Winter Group's profitability has Most of this change is from net income leverage from use of debt Year 3. There is