Hello, please help with those red circle questions! Please also provide detailed solution of how you get this answer! Thanks.

Exercise 15-1 Your answer is partially correct. Try again Shown below is the liabilities and stockholders' equity section of the balance sheet for Sheffield Company and Tamarisk Company. Each has assets totaling $4,279,000 Sheffield Co. TamariskCo Current liabilities Long-term debt, 9% Common stock ($20 par) Retained earnings (Cash dividends, $198,000 $324,000 1,210,000 2,000,000 745,000 $4,279,000 Current liabilities Common stock ($20 par) Retained earnings (Cash dividends, $310,000) $514,000 3,020,000 745,000 $4,279,000 For the year, each company has earned the same income before interest and taxes. Sheffield Co. $1,220,000 108,900 1,111,100 499,995 $611,105 Tamarisk Co. Income before interest and taxes $1,220,000 Interest expense 1,220,000 549,000 $671,000 Income taxes (45%) Net income At year end, the market price of Sheffield's stock was $101 per share, and Tamarisk's was $63.50. Assume balance sheet amounts are representative for the entire year (a) Calculate the return on total assets? (Round answers to 2 decimal places, e.g. 16.8596.) Return on total assets Sheffield Company Tamarisk Company Which company is more profitable in terms of return on total assets? 14.28 15.68 Tamarisk Company