usadena.edu courses/1101416/assignments/8379832 x Your answer is incorrect Kojak Corporation decided to issue common stock and used the $300,000 proceeds to redeem all of its outstanding bonds on January 1, 2017. The following information is available for the company for 2017 and 2016. 2017 Net Income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities 2016 $ 182,000 $150,000 8,000 8,000 1,000,000 700,000 1,200,000 1,200,000 100,000 100,000 200,000 500,000 (a) Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e-8. 12.5%) 2017 2016 Return on common stockholders' equity ratio 18.2 % 21.43 % (c1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5%) 2017 2016 Debt to assets ratio 8.33% 33.33 % usadena.edu courses/1101416/assignments/8379832 x Your answer is incorrect Kojak Corporation decided to issue common stock and used the $300,000 proceeds to redeem all of its outstanding bonds on January 1, 2017. The following information is available for the company for 2017 and 2016. 2017 Net Income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities 2016 $ 182,000 $150,000 8,000 8,000 1,000,000 700,000 1,200,000 1,200,000 100,000 100,000 200,000 500,000 (a) Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e-8. 12.5%) 2017 2016 Return on common stockholders' equity ratio 18.2 % 21.43 % (c1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5%) 2017 2016 Debt to assets ratio 8.33% 33.33 %