The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 20YS, 20Y4, and 20Y3: December 31 20YS 20Y4 20Y3 Total assets Notes payable (10% interest) Common stock Preferred $7 stock, $100 par Retained earnings Net income No dividends on common stock were declared between 20Y3 and 20YS a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y4 and 20YS. Round your percentage answers to one decimal place $309,000 100,000 40,000 20,000 113,000 39,895 $278,000 100,000 40,000 20,000 90,000 34,625 $247,000 100,000 40,000 20,000 60,000 27,700 20YS 20Y4 Return on total assets Return on stockholders' equity Return on common stockholders' equity b. What conclusions can be drawn from these data as to the company's profitability? Since the rate of return on asscts exceeds the cost of debt in both vears. there is positive leveraae from the use of deb