Itzkoff Company has provided the following comparative information:

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:2008-2012Rate earned on total assets ............11%Rate earned on stockholders' equity .........16%Number of times interest charges earned .......3.1Ratio of liabilities to stockholders' equity ........1.5Instructions1. Prepare four line graphs with the ratio on the vertical axis and the years on the horizontal axis for the following four ratios (rounded to one decimal place):a. Rate earned on total assetsb. Rate earned on stockholders' equityc. Number of times interest charges earnedd. Ratio of liabilities to stockholders' equityDisplay both the company ratio and the industry benchmark on each graph. That is, each graph should have two lines.2. Prepare an analysis of the graphs in (1)

2009 2012 2010 5 394,485 $ 552,500 300,094 166,358 2011 $ 229,985 325,002 83,179 5,624,113 2008 $ 170,879 350,027 49,492 6,023,425 $ 500,000 Net income Interest expense Income tax expense Total assets (ending balance) Total stockholders'equity (ending balance) Average total assets Average stockholders'equity 281,250 250,000 156,000 3,750,000 124,800 4,552,500 5,089,695 2,647,848 2,476,970 5,356,904 2,361,977 2.246,985 4,821,098 2,049,743 1,300,000 3,375,000 1,050,000 1,852,500 4,151,250 1,576,250 5,823,769 2,562,409