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Bridgeport Corp. decided to issue common stock and used the $476,000 proceeds to redeem all of its outstanding bonds on January 1, 2025. The following
Bridgeport Corp. decided to issue common stock and used the $476,000 proceeds to redeem all of its outstanding bonds on January 1, 2025. The following information is available for the company for 2025 and 2024. Net income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities (a) 2025 2024 $200,800 $153,460 9,100 9,100 1,278,000 802,000 1,547,000 1,547,000 219,000 219,000 269,000 745,000 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 2025 % (C1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5%.) Debt to assets ratio 2025 % 2024 % 2024 %
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