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Trend Analysis Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2 Year 1 Net Income $1,034,400 $891,700 $749,300
Trend Analysis Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2 Year 1 Net Income $1,034,400 $891,700 $749,300 $640,400 $542,700 Interest expense 351,700 321,000 277,200 211,300 168,200 Income tax expense 331,008 249,676 209,804 166,504 130,248 Average total assets 6,507,512 5,747,393 4,911,483 4,175,000 3,554,500 Average stockholders' equity 2,219,742 1.990,402 1.742,558 1.546,860 1,356.750 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 21 Return on stockholders' equity Times interest earned 4.5 Instructions: Calculate three ratios for Year 1 through Year 5. Round to one decimal place. Homes Pro o G Instructions: Calculate three ratios for Year 1 through Year 5. Round to one decimal place. a. Return on total assets: Year 5 9% Year 4 % Year 3 % Year 2 % Year 1 96 b. Return on stockholders' equity: Year 5 96 Year 4 96 Year 3 96 Year 2 Year 1 O sessionLocator Binprogress=false Year 4 Year 3 % Year 2 al Year 1 96 b. Return on stockholders' equity Year 5 % Year 4 . Year 3 Year 2 96 Year 1
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