* 59%.\" edugen.wileyplus.com Business I Chron.com Top 10 Diversity Issues at Wo

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* 59%." edugen.wileyplus.com Business I Chron.com Top 10 Diversity Issues at Work I Chron.com WileyPLUS PRINTER VERSION BACK Exercise 11-13 Morris Corporation decided to issue common stock and used the $301,100 proceeds to retire all of its outstanding bonds on January 1, 2012. The following information is available for the company for 2011 and 2012 Net income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities $185,900 141,100 6,900 1,125,000 819,200 1,329,500 1,363,200 178,900 163,400 204,500 544,000 9,000 (a) Your answer is correct Compute the return on common stockholders' equity ratio for both years. (Round 12.5%.) return on common stockholders' equity ratio for both years. (Round answers to 1 decimal place, e.g 16.38 The return on common stockholders' equity ratio 15.72 Open Show Work Show Work is REQUIRED for this question: SHOW SOLUTION SHOW ANSWER Attempts: 2 of S used

Explanation / Answer

Debt to total Asset ratio =Total liabilities/Total assets 2012 2011 Total liabilities       204,500       544,000 Total Assets    1,329,500    1,363,200 Debt to total Asset ratio 15.38% 39.91%

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