TTIE TUITOWIG SCIELOU Uata were taken TOMT TE STILTSI Serents or viuS TIC. TOI DECETTIDET 31, 2017, ZUTO, STIU ZUT: December 31 2017 2016 2015 Total assets $192,000 $173,000 $154,000 Notes payable (8% interest) 60,000 60,000 60,000 Common stock 24,000 24,000 24,000 Preferred 5% stock, $100 par 12,000 12,000 12,000 (no change during year) Retained earnings 72,000 45,750 36,000 The 2017 net income was $26,850, and the 2076 net income was $10,350. No dividends on common stock were declared between 2015 and 2077. Preferred dividends were declared and paid in full in 20Y6 and 2047. a. Determine the retum on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2046 and 2017. Round percentages to one decimal place, 2017 2046 Return on total assets Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that the company's profitability has Since the rate of return on total assets is the return on stockholders' equity in both years, there must be leverage from the use of debt. % % % % % % Five Measures of Solvency or Profitability The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following: Bonds payable, 8% $7,500,000 Preferred $4 stock, $50 par 3,750,000 Common stock, $10 par 7,500,000 Income before income tax expense was $5,280,000 and income taxes were $1,305,000 for the current year. Cash dividends paid on common stock during the current year totaled $1,950,000. The common stock was selling for $53.90 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest eamed ratio 3.1 times b. Earnings per share on common stock 6. Price earnings ratio d. Dividends per share of common stock e. Dividend yield %