Exercise 11-13 Bramble Corp. decided to issue common stock the company for 2017

Question

Exercise 11-13 Bramble Corp. decided to issue common stock the company for 2017 and 2016. and used the $336,000 proceeds to redeem all of its outstanding bonds on 1 20172016 Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities 9,400 9,400 1,182,000 852,000 1,445,000 1,361,000 280,000 280,000 263,000 509,000 compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, eg. 12.5%.) 2017 2016 Return on common stockholders' equity ratio (c1) Compute the debt to asset s ratio for both years. (Round answers to i decimal place, eg, 12.5%.) 2017 2016

Explanation / Answer

2016 = (143,500 – 9,400) / 852,000

2016= 15.74%

2017 = (184,500 – 9,400) / 1,182,000

2017 = 14.81%

2016 = 509,000 / 1,361,000

2016=37.39%

2017 = 263,000 / 1,445,000

2017 = 18.2%

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