Trend Analysis

Critelli Company has provided the following comparative information:

	Year 5		Year 4		Year 3		Year 2		Year 1
Net income	$1,241,800		$1,070,500		$899,600		$768,900		$651,600
Interest expense	422,200		385,400		332,900		253,700		202,000
Income tax expense	397,376		299,740		251,888		199,914		156,384
Average total assets	8,278,607		7,316,080		6,256,345		5,326,042		4,540,426
Average stockholders' equity	2,815,873		2,530,733		2,221,235		1,976,607		1,737,600

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	19.8 %
Return on stockholders' equity	40.9 %
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