Pronghorn Company manufactures backpacks. During 2022, Pronghorn issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Pronghorn Company for the years 2022 and 2021.

Collaborations Pronghorn Company manufactures backpacks. During 2022, Pronghorn issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Pronghorn Company for the years 2022 and 2021. WileyPLUS Support Wiley Accounting Weekly Updates 2022 2021 Sales revenue Net income Interest expense $14,850,000 $14,850,000 3,696,000 4.125,000 1,150,000 322,000 1,105,500 1,237,500 2,047,000 2,359,800 Tax expense Dividends paid on common stock Dividends paid on preferred stock 690,000 690,000 Total assets (year-end) 23,925,000 25,884,375 27,843,750 40,854,900 Average total assets Total liabilities (year-end) 13,800,000 6.900,000 Avg. total common stockholders' equity 21,620,000 32.430,000 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 (2) Return on common stockholders' equity (3) (4) Payout ratio Debt to assets ratio (5) Times interest earned times times