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Current Attempt in Progress Cheyenne Corp. decided to issue common stock and used the $337,000 proceeds to redeem all of its outstanding bonds on
Current Attempt in Progress Cheyenne Corp. decided to issue common stock and used the $337,000 proceeds to redeem all of its outstanding bonds on January 1, 2017. The following information is available for the company for 2017 and 2016. Net income 2017 $ 183,000 2016 $ 147,500 Dividends declared for preferred stockholders 8,500 8,500 Average common stockholders' equity 1,298,000 702,000 Total assets Current liabilities Total liabilities (a) 1,618,000 1,291,000 237,000 320,000 237,000 589,000 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 2017 % (C1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5%.) Debt to assets ratio 2017 % 2016 % 2016
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