Question: Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31,

 Here are comparative financial statement data for Bramble Company and Debra

Company, two competitors. All data are as of December 31, 2022, and

December 31, 2021. Plantassets(net)520,800500,300139,800123,000 Currentliabilities64,20075,60034,40029,600 Long-termliabilities108,40090,40028,40026,000 Common stock, $10 par 498,000498,000122,500122,500 Retainedearnings172,700146,30038,00022,900

Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Plantassets(net)520,800500,300139,800123,000 Currentliabilities64,20075,60034,40029,600 Long-termliabilities108,40090,40028,40026,000 Common stock, $10 par 498,000498,000122,500122,500 Retainedearnings172,700146,30038,00022,900 Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers 1 decimal place, eg. 12.1\%.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!