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Pronghorn Corp decided to issue common stock and used the $250,000 proceeds to redeem all of its outstanding bonds on January 1,2022. The following information
Pronghorn Corp decided to issue common stock and used the $250,000 proceeds to redeem all of its outstanding bonds on January 1,2022. The following information is available for the company for 2022 and 2021. Net income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities 2022 $180.000 6.000 920,000 1.520,401 100.000 600,401 2021 $140,000 6,000 670,000 1.520,401 100,000 850,401 Your answer is incorrect. Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, es 12.5%) 2022 2021 % Return on common stockholders' equity ratio
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