1. Trend Analysis

   Critelli Company has provided the following comparative information:

   	Year 5		Year 4		Year 3		Year 2		Year 1
   Net income	$1,283,300		$1,106,300		$929,700		$794,600		$673,400
   Interest expense	436,300		398,300		344,000		262,200		208,800
   Income tax expense	410,656		309,764		260,316		206,596		161,616
   Average total assets	7,676,786		6,777,477		5,789,545		4,915,349		4,181,043
   Average stockholders' equity	2,629,713		2,353,830		2,056,858		1,822,477		1,595,735

   You have been asked to evaluate the historical performance of the company over the last five years.

   Selected industry ratios have remained relatively steady at the following levels for the last five years:

   	Industry Ratios
   Return on total assets	22.1 %
   Return on stockholders equity	45.6 %
   Times interest earned	4.6

   Instructions:

   Calculate three ratios for Year 1 through Year 5. Round to one decimal place.

   a. Return on total assets:

   Year 5	%
   Year 4	%
   Year 3	%
   Year 2	%
   Year 1	%

   b. Return on stockholders equity:

   Year 5	%
   Year 4	%
   Year 3	%
   Year 2	%
   Year 1	%

   c. Times interest earned:

   Year 5
   Year 4
   Year 3
   Year 2
   Year 1