The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 December 31 December 31 20Y7 20Y6 20Y5 $332,000 $299,000 $266,000 110,000 110,000 110,000 44,000 44,000 44,000 Total assets Notes payable (8% interest) Common stock Preferred 3% stock, $100 par (no change during year) Retained earnings 22,000 127,720 22,000 82,590 The 2017 net income was $45,790, and the 20Y6 net income was $17,250. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. Return on total assets Return on stockholders' equity Return on common stockholders' equity a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. When required, round your answers to one decimal place. 20Y7 30.3 % 22,000 66,000 % ✓ % 20Y6 % % %

The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 December 31 December 31 20Y7 20Y6 20Y5 $332,000 $299,000 $266,000 110,000 110,000 110,000 44,000 44,000 44,000 Total assets Notes payable (8% interest) Common stock Preferred 3% stock, $100 par (no change during year) Retained earnings 22,000 127,720 22,000 82,590 The 2017 net income was $45,790, and the 20Y6 net income was $17,250. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. Return on total assets Return on stockholders' equity Return on common stockholders' equity a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. When required, round your answers to one decimal place. 20Y7 30.3 % 22,000 66,000 % ✓ % 20Y6 % % %

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 17E

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