Trake Assignment/lake Assignment Main doinwokertakeAssignmentSession Locator Binprogress-false ebook Profitability Ratios The following selected data were taken from the financial statements of Vidahing for December 31, 2017, 2016, and 2015: December 31 2017 2016 2015 Total assets $182,000 $164,000 $146,000 Notes payable (8% interest) 60,000 60,000 60,000 Common stock 24,000 24,000 24,000 Preferred 3% stock, $100 par 12,000 12,000 12,000 (no change during year) Retained earnings 72.540 49,790 36,000 The 2017 net income was $23,410, and the 2016 net income was $14,150. No dividends on common stock were declared between 2015 and 2017. Preferred dividends were declared and paid in full in 2016 and 2017 a. Determine the return on total assets, the rate earned on stockholder'equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round to one decimal place 2017 2016 12.) Return on total assets 65.0 X 39.3 Return on stockholders' equity X 57.5 X Return on common stockholders' equity Since the rate of return on assets is less than the return on stockholders' equity in b. The profitability ratios indicate that Vidhill Inc.'s profitability has improved both years, there must be positive leverage from the use of debt Check My Work 1 more Check My Work uses remaining Email Instructor Save and Submit Assignment for Grad All work saved Trake Assignment/lake Assignment Main doinwokertakeAssignmentSession Locator Binprogress-false ebook Profitability Ratios The following selected data were taken from the financial statements of Vidahing for December 31, 2017, 2016, and 2015: December 31 2017 2016 2015 Total assets $182,000 $164,000 $146,000 Notes payable (8% interest) 60,000 60,000 60,000 Common stock 24,000 24,000 24,000 Preferred 3% stock, $100 par 12,000 12,000 12,000 (no change during year) Retained earnings 72.540 49,790 36,000 The 2017 net income was $23,410, and the 2016 net income was $14,150. No dividends on common stock were declared between 2015 and 2017. Preferred dividends were declared and paid in full in 2016 and 2017 a. Determine the return on total assets, the rate earned on stockholder'equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round to one decimal place 2017 2016 12.) Return on total assets 65.0 X 39.3 Return on stockholders' equity X 57.5 X Return on common stockholders' equity Since the rate of return on assets is less than the return on stockholders' equity in b. The profitability ratios indicate that Vidhill Inc.'s profitability has improved both years, there must be positive leverage from the use of debt Check My Work 1 more Check My Work uses remaining Email Instructor Save and Submit Assignment for Grad All work saved