u JWv2 Online teaching and learnin. dashboard - enrol eBook Show Me How Calculator Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: 2016 December 31 2017 2015 Total assets $212,000 $191,000 $170,000 Notes payable (8% interest) 70,000 70,000 70,000 Common stock 28,000 28,000 28,000 Preferred 7% stock, $100 par 14,000 14,000 14,000 (no change during year) Retained earnings 89,385 61,095 42,000 The 2017 net income was $29,270, and the 2016 net income was $20,075. No dividends on common stock were declared between 2045 and 2077. Preferred dividends were declared and paid in full in 2016 and 2077. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2077. Round percentages to one decimal place. 2017 2016 Return on total assets % % % Return on stockholders' equity % % % Return on common stockholders' equity the return on b. The profitability ratios indicate that the company's profitability has stockholders' equity in both years, there must be . Since the rate of return on total assets is leverage from the use of debt. Previous Next > Check My Work Save and Exit Submit Assignment for Grading