Question
mwww cation.wiley.com/ Fall 2020 ch Question 16 of 22 -14 == Sunland Company decided to issue common stock and used the $144,000 proceeds to retire
mwww cation.wiley.com/ Fall 2020 ch Question 16 of 22 -14 == Sunland Company decided to issue common stock and used the $144,000 proceeds to retire all of its outstanding bonds on January 1,2020. The following information is available for the company for 2019 and 2020. 2020 2019 Net income $144,000 $120,000 Average stockholder's equity 1,950,000 808,000 Total assets 1,420,000 1,420,000 Current liabilities 111,000 111,000 Total liabilities 363,000 410,000 (a) Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, eg. 10.2%) Return on common stockholders' equity 2020 2019 % %
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