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Select ratios for the Erskine Hotel for the past three years are as follows: Further,...

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Accounting

image Select ratios for the Erskine Hotel for the past three years are as follows: Further, assume (1) that the total assets have not changed over the three-year time period, and (2) that the average shares of capital stock outstanding for each year of the three-year period equals 1,000,000 shares. Required: 1. Determine the change in market price of the capital stock from the end of 201 to the end of 203. 2. What are the total assets at the end of each year? 3. What is the return on owners' equity for 203 ? (Hint: A=L+E.) For this question, assume that the total owners' equity did not change during the year

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