Trend Analysis

Critelli Company has provided the following comparative information:

	Year 5		Year 4		Year 3		Year 2		Year 1
Net income	$980,100		$844,900		$710,000		$606,800		$514,200
Interest expense	333,200		304,200		262,700		200,200		159,400
Income tax expense	313,632		236,572		198,800		157,768		123,408
Average total assets	5,612,393		4,953,017		4,229,130		3,586,667		3,047,964
Average stockholders' equity	1,933,136		1,727,812		1,507,431		1,333,626		1,165,986

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	23.1 %
Return on stockholders' equity	47.5 %
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	fill in the blank 1 %
Year 4	fill in the blank 2 %
Year 3	fill in the blank 3 %
Year 2	fill in the blank 4 %
Year 1	fill in the blank 5 %

b. Return on stockholders' equity:

Year 5	fill in the blank 6 %
Year 4	fill in the blank 7 %
Year 3	fill in the blank 8 %
Year 2	fill in the blank 9 %
Year 1	fill in the blank 10 %

c. Times interest earned:

Year 5	fill in the blank 11
Year 4	fill in the blank 12
Year 3	fill in the blank 13
Year 2	fill in the blank 14
Year 1	fill in the blank 15