Bramble Company manufactures backpacks. During 2022, Bramble issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Bramble Company for the years 2022 and 2021 2022 2021 $10,350,000 Sales revenue Net income Interest expense $10,350,000 2,875,000 2,576,000 650,000 182,000 Tax expense 770,500 862,500 1,157,000 1,333,800 390,000 390,000 16,675,000 19,406,250 Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) Average total assets Total liabilities (year-end) Avg. total common stockholders equity 18,040,625 23,091,900 7,800,000 3,900,000 12,220,000 18,330,000 (a) (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, eg. 12.5% or 12.5.) 2022 2021 (1) Return on assets 12.5 % 12.5 % (2 ) (2) Return on common stockholders' equity 21.1 % 15.7 96 (3) Payout ratio 60.1 % 60 96 (4) Debt to assets ratio 46.8 % 20.1 % (5) Times interest earned 6.1 times 21.5 times