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wall maL Year 5 Year 4 Year 3 Year 2 Year 1 Net income $950,700 $819,600 $688,700 $588,600 $498,800 Interest expense 323,200 295,100 254,800 194,200

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wall maL Year 5 Year 4 Year 3 Year 2 Year 1 Net income $950,700 $819,600 $688,700 $588,600 $498,800 Interest expense 323,200 295,100 254,800 194,200 154,600 119,712 2,956,561 1,125,959 Income tax expense 304,224 229,488 192,836 153,036 Average total assets 5,444,017 4,804,741 4,102,174 3,479,111 Average stockholders' equity 1,867,780 1,669,246 1,456,025 1,287,965 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% 47.7% 4.6 Retum on stockholders' equity Times Interest earned Instructions: Calculate three ratios for Year 1 through Year 5. Round to one decimal place. a. Return on total assets: Instructions: Calculate three ratios for Year 1 through Year 5. Round to one decimal place. a. Return on total assets: Year 5 % Year 4 MI % Year 3 % Year 2 % Year 1 %

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