Need help with this problem. Profitability Ratios The following...
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Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 20Y6, and 20Y5: December 31 2047 2016 2015 Total assets $327,000 $295,000 $263,000 Notes payable (8% interest) 110,000 110,000 110,000 Common stock 44,000 44,000 44,000 22,000 22,000 22,000 Preferred 5% stock, $100 par (no change during year) Retained earnings 115,710 87,380 66,000 The 2017 net income was $29,430, and the 2016 net income was $22,480. No dividends on common stock were declared between 20Y5 and 2017. Preferred dividends were declared and paid in full in 2016 and 2047. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 2017. When required, round to one decimal place. 2017 2016 Return on total assets X % X % Return on stockholders' equity % % Return on common stockholders' equity % %
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