Your answer is incorrect. Cheyenne Company manufactures backpacks. During 2022. Cheyenne issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Cheyenne Company for the years 2022 and 2021. 2022 2021 $11,250,000 $11,250,000 Sales revenue Net income Interest expense 2,800,000 3,125,000 750,000 210,000 Tax expense 837,500 937.500 1,335,000 1,539,000 450.000 450,000 Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) Average total assets 21,093,750 18.125,000 19,609,375 26,644,500 Total liabilities (year-end) 9,000,000 4,500,000 Avg. total common stockholders' equity 14,100,000 21.150.000 (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, es. 12.5% or 12.5.) 2022 2021 (1) Return on assets D. dhana Total assets (year-end) 18,125,000 21,093,750 Average total assets 19,609,375 26,644,500 9,000,000 Total liabilities (year-end) Avg. total common stockholders' equity 4,500,000 14,100,000 21,150,000 (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e.g. 12.5% or 12.5.) 2022 2021 (1) Return on assets % (2) Return on common stockholders' equity (3) Payout ratio MO (4) Debt to assets ratio % (5) Times interest earned times times 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 14.29 % 1172 % (2) Return on common stockholders equity 19.85 96 14.77 % (3) Payout ratio 63.75 % 63.64 % (4) Debt to assets ratio 49.65 % 2133 96 (5) 5 Times interest earned 595 times 2034 times Your answer is incorrect. Cheyenne Company manufactures backpacks. During 2022. Cheyenne issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Cheyenne Company for the years 2022 and 2021. 2022 2021 $11,250,000 $11,250,000 Sales revenue Net income Interest expense 2,800,000 3,125,000 750,000 210,000 Tax expense 837,500 937.500 1,335,000 1,539,000 450.000 450,000 Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) Average total assets 21,093,750 18.125,000 19,609,375 26,644,500 Total liabilities (year-end) 9,000,000 4,500,000 Avg. total common stockholders' equity 14,100,000 21.150.000 (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, es. 12.5% or 12.5.) 2022 2021 (1) Return on assets D. dhana Total assets (year-end) 18,125,000 21,093,750 Average total assets 19,609,375 26,644,500 9,000,000 Total liabilities (year-end) Avg. total common stockholders' equity 4,500,000 14,100,000 21,150,000 (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e.g. 12.5% or 12.5.) 2022 2021 (1) Return on assets % (2) Return on common stockholders' equity (3) Payout ratio MO (4) Debt to assets ratio % (5) Times interest earned times times 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 14.29 % 1172 % (2) Return on common stockholders equity 19.85 96 14.77 % (3) Payout ratio 63.75 % 63.64 % (4) Debt to assets ratio 49.65 % 2133 96 (5) 5 Times interest earned 595 times 2034 times
