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The following selected data were taken from the financial statements of Squiggle Group Inc. for December 31, 2016, 2015 and 2014: December 31 2016 2015

The following selected data were taken from the financial statements of Squiggle Group Inc. for December 31, 2016, 2015 and 2014:

December 31
2016 2015 2014
Total assets $249,000 $224,000 $199,000
Notes payable (10% interest) 80,000 80,000 80,000
Common stock 32,000 32,000 32,000
Preferred 6% stock, $100 par 16,000 16,000 16,000
(no change during year)
Retained earnings 102,010 70,765 48,000

The 2016 net income was $32,205, and the 2015 net income was $23,725. No dividends on common stock were declared between 2014 and 2016.

a. Determine the A measure of profitability of assets, without regard to the portion of assets financed by creditors or stockholders.rate earned on total assets, the A measure of profitability computed by dividing net income by average stockholders' equity.rate earned on stockholders' equity, and the A measure of profitability computed by dividing net income, reduced by preferred dividend requirements, by average common stockholders' equity.rate earned on common stockholders' equity for the years 2015 and 2016. When required, round to one decimal place.

2016 2015
Rate earned on total assets % %
Rate earned on stockholders' equity % %
Rate earned on common stockholders' equity % %

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