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Sarasota Corp.decided to issue common stock and used the $432,000 proceeds to redeem all of its outstanding bonds on January 1, 2022. The following information
Sarasota Corp.decided to issue common stock and used the $432,000 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 2022 2021 $ 183,500 $144,500 9,000 9,000 1,189.000 849,000 1,470,000 1,302,000 116,000 116,000 281,000 453,000 Total assets Current liabilities Total liabilities (a) Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e.g. 12.5%.) 2022 2021 Return on common stockholders' equity ratio % 15.95 % (c1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5%.) 2022 2021 Debt to assets ratio
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