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Cheyenne Corp. decided to issue common stock and used the $ 337,000 proceeds to redeem all of its outstanding bonds on January 1. 2022. The

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Cheyenne Corp. decided to issue common stock and used the $ 337,000 proceeds to redeem all of its outstanding bonds on January 1. 2022. The following information is available for the company for 2022 and 2021. 2021 2022 $ 183,000 8,500 $ 147,500 8.500 702,000 1.298,000 Net income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities 1,618,000 1.291.000 237,000 237.000 320.000 589.000 (a) Compute the return on common stockholders' equity for both years. (Round answers to I decimal place, c.8. 125%) 2021 2022 Return on common stockholders' equity ratio (1) Compute the debt to assets ratio for both years. (Round answers to I decimal place, 3. 12.5%) 2021

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