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Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e.g. 12.5%.) Return on common stockholders' equity ratio Debt to assets ratio 2022 (c1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5 %) 2022 96 2021 2021

Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e.g. 12.5%.) Return on common stockholders' equity ratio Debt to assets ratio 2022 (c1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5 %) 2022 96 2021 2021

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kojak Corporation decided to issue common stock and used the $300,000 proceeds to redeem all of its outstanding bonds on January 1.2022. The following information is available for the company for 2022 and 2021. Net income Dividends declared for preferred stockholders Average common stockholders' equity. Total assets Current liabilities Total liabilities 2022 $ 182.000 8,000 1,000,000 2021 $150,000 200,000 8,000 700,000 1,200,000 1.200,000 100,000 100,000 500,000
Transcribed Image Text:Kojak Corporation decided to issue common stock and used the $300,000 proceeds to redeem all of its outstanding bonds on January 1.2022. The following information is available for the company for 2022 and 2021. Net income Dividends declared for preferred stockholders Average common stockholders' equity. Total assets Current liabilities Total liabilities 2022 $ 182.000 8,000 1,000,000 2021 $150,000 200,000 8,000 700,000 1,200,000 1.200,000 100,000 100,000 500,000
Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e.g. 12.5%.) Return on common stockholders' equity ratio Debt to assets ratio 2022 (c1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5 %) 2022 96 2021 2021
Transcribed Image Text:Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e.g. 12.5%.) Return on common stockholders' equity ratio Debt to assets ratio 2022 (c1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5 %) 2022 96 2021 2021
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