Shown below is the liabilities and stockholders' equity section of the balance sheet for Mar mpany and Swity Company. Each has assets totaling $4,022,000. $194,000 Marigold Co. Current liabilities Long-term debt, 10% Common stock ($20 par) Retained earnings (Cash dividends, $232,000) $324,000 1,090,000 1,860,000 748,000 $4,022,000 Current liabilities Common stock (520 par) Retained earnings (Cash 3,080,000 334,000) interest For the year, each company has earned the same income before Swifty Co. $1,180,000 Income before interest and taxes Interest expense Marigold Co. $1,180,000 109,000 1,071,000 214,200 $856,800 Income taxes (20%) Net Income 1,180,000 236,000 $944,000 50. Assume balance sheet amounts are representative for the entire year At year-end, the market price of Marigold's stock was $101 per share, and Swifty's w (a) Calculate the return on total assets? (Round answers to 2 decimal places, Marigold Company Swifty Company Return on total assets 21.3 23.47 (6) Calculate the return on common stock equity? (Round answers to 2 decimal places, ag. 16.854.) Return on common stock equity Marigold Company Swifty Company Which company is more profitable in terms of return on common stockholders' equity? (c) Calculate the Net Income per share. (Round answers to 2 decimal places, e.g. $6.85.) Net income per share Marigold Company Swifty Company S Which company has the greater net income per share of stock? Neither company issued or reacquired shares during the year. (01) From the point of view of net income, is it advantageous to the stockholders of Marigold Co, to have the long-term debt outstanding? (01) From the point of view of net income, is it advantageous to the stockholders of Marigold Co to have the long-term debt outstanding? (6) What is the book value per share for each company? (Round answers to 2 decimal places... $6.85.) Book value per share Marigold Companys Swifty Company