Kojak Corporation decided to issue common stock and used the $300,000 proceeds to redeem all of its outstanding bonds on January 1, 2022. The following information is available for the company for 2022 and 2021.2022 2021
Net income $ 182,000 $ 150,000
Dividends declared for preferred stockholders 8,000 8,000
Average common stockholders’ equity 1,000,000 700,000
Total assets 1,200,000 1,200,000
Current liabilities 100,000 100,000
Total liabilities 200,000 500,000(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
enter return on common stockholders equity in percentages
% enter return on common stockholders equity in percentages
%(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
enter debt to assets ratio in percentages
% enter debt to assets ratio in percentages
%