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Pronghorn Corp decided to issue common stock and used the $447.500 proceeds to redeem all of its outstanding bords on January 1, 2017. The following

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Pronghorn Corp decided to issue common stock and used the $447.500 proceeds to redeem all of its outstanding bords on January 1, 2017. The following information is available for the company for 2017 and 2016, Net income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities 2017 $197.500 9.100 1,150,000 1,469.000 176,000 319,000 2016 $ 142,000 9.100 824,000 1,347.000 176,000 523.000 (a) Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, es. 12.5%.) 2017 2016 %6 % Return on common stockholders' equity ratio (c1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, eg. 12.5%) 2017 2016

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