Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Bramble Company 2022 $1,896,000 1.020,048 257,856 Return on assets 7,584 54,984 322,500 $310.000 520,800 O 64,200 Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings 2021 Return on common stockholders' equity 500,300 75,600 520,800 64,200 108,400 498,000 172,700 Debra Company 2022 $561,000 297,330 79,662 3,927 6,171 83,500 $78,000 139,800 123,000 34,400 2021 500,300 75,600 90,400 498,000 146,300 Bramble Company Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, eg. 12.1%) 67.2 29,600 % 139,800 123,000 34,400 29,600 26,000 122,500 122,500 38,000 22,900 28,400 Debra Company 82.0 S

Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Bramble Company 2022 $1,896,000 1.020,048 257,856 Return on assets 7,584 54,984 322,500 $310.000 520,800 O 64,200 Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings 2021 Return on common stockholders' equity 500,300 75,600 520,800 64,200 108,400 498,000 172,700 Debra Company 2022 $561,000 297,330 79,662 3,927 6,171 83,500 $78,000 139,800 123,000 34,400 2021 500,300 75,600 90,400 498,000 146,300 Bramble Company Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, eg. 12.1%) 67.2 29,600 % 139,800 123,000 34,400 29,600 26,000 122,500 122,500 38,000 22,900 28,400 Debra Company 82.0 S

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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am.112.
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