Ch11 Post-Lecture Assignment Watch Suits: Season 1 Online I Watch Ful Suits: Sea

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Ch11 Post-Lecture Assignment Watch Suits: Season 1 Online I Watch Ful Suits: Season 1 Watch Suits: Season 1 Online I Watch Ful Suits: Season 1 question Chegg.com Not found Q southe Done Spring 2019 Home Kimmel, Financial Accounting, 8e Assignments Discussions Grades People Pages Files Syllabus Quizzes Modules Conferences Collaborations Chat My Media Media Gallery Mahara Through CALCULATOR PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Exercise 11-13 CH11 PostLecture Whispering Winds Corp. decided to issue common stock and used the $358,000 proceeds to redeem all of its outstanding bonds on January 1 2017. The following information is available forthe company for 2017 and 2016 Dashboard 2017 2016 Net income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilitles Total liabilities 194,500 145,500 6,000 ,272,000 868,000 1,49B,0001316,000 153,000 153,000 226,000 448,000 Courses 6,000 Review Score Review Results by Study Inbox Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, eg, 12.5%.) Help 2017 2016 Return on common stockholders equity ratio (c1) Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, eg, 12.5%.) 2017 2016 Debt to assets ratio My Career Question Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER Purchase Course Materials Activity Logs

Explanation / Answer

a) Return on Common Stockholder's equity = (Net income-Preferred Dividend)/Average Common Stockholders equity

c1) Debt to assets ratio = Total liabilities/Total assets

2017 2016 Return on Common stockholder's equity (194500-6000)*100/1272000 = 14.8% (145500-6000)*100/868000 = 16.1%

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