Please answer question #9, SHOWING ALL WORK ACCORDINGLY. Thank you!

Pronghorn Company manufactures backpacks. During 2022, Pronghorn issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Pronghorn Company for the years 2022 and 2021. 2022 2021 $14,850,000 $14,850,000 Sales revenue Net income Interest expense 3,696,000 4.125,000 1,150,000 322,000 1,105,500 1.237.500 2,047,000 2,359,800 690,000 690,000 Tax expense Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) Average total assets Total liabilities (year-end) Avg. total common stockholders' equity 23,925,000 27,843,750 25,884.375 40,854.900 13,800,000 6,900,000 21,620,000 32,430,000 (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e g. 12.5% or 12.5.) 2022 2021 96 (1) 96 Return on assets (2) 96 % Return on common stockholders' equity 98 96 (3) Payout ratio 95 (4) Debt to assets ratio times (5) times Times interest earned