Chapter 017 Homework Apart II Api eBook Show Me How 1. EX.17-06.ALGO The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2076, and 2015: December 31 2. EX.17-09.ALGO 2017 2016 2015 3. EX.17-11.ALGO Total assets $316,000 $285,000 $254,000 110,000 110,000 4. EX.17-16. ALGO Notes payable (8% interest) Common stock 110,000 44,000 44,000 5. EX.17-17.ALGO 44,000 22,000 Preferred 6% stock, $100 par 22,000 22,000 (no change during year) 6. EX.17-20.ALGO Retained earnings 101,365 80,630 66,000 7. PR. 17-04.ALGO The 2017 net income was $22,055, and the 2016 net income was $15,950. No dividends on common stock were declared between 2015 and 2047. Preferred dividends were declared and paid in full in 2046 and 2017. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. Round percentages to one decimal place. 2017 2016 Return on total assets 7 X % 5.6 X % Return on stockholders' equity 33.4 X % % 24.2 X % Return on common stockholders' equity 47.1 X % 33.3 X % the return on b. The profitability ratios indicate that the company's profitability has improved . Since the rate of return on total assets is less than stockholders' equity in both years, there must be positive leverage from the use of debt. Check My Work Previous Next Progress: 5/7 items