Question: Hi all - looking for help with the one answer I got wrong here in the red box. Thanks Exercise 11-20 a-c Wildhorse Co. has

Hi all - looking for help with the one answer I got wrong here in the red box. Thanks

Hi all - looking for help with the one answer I got

Exercise 11-20 a-c Wildhorse Co. has $1,100,000 in assets and $1,100,000 in stockholders' equity, with 35,000 shares outstanding the entire year. It has a return on assets of 10%. During 2021, it had net income of $110,000. On January 1, 2022, it issued $425,000 in debt at 4% and immediately repurchased 17,500 shares for $425,000. Management expected that, had it not issued the debt, it would have had net income of $110,000 in 2022. Assume the company pays dividends on common stock equal to its net income each year. Also, assume the accrued interest on the debt was paid at December 31, 2022 and the company has no other debt outstanding at year-end. Your answer is correct. Determine the company's net income and earnings per share for 2021 and 2022. (Ignore taxes in your computations.) (Round earnings per share to 2 decimal places, e.g. $2.66.) 2021 2022 Net income 110000 93000 Earnings per share 3.14 5.31 LINK TO TEXT Your answer is correct. Compute the company's return on common stockholders' equity for 2021 and 2022. (Round answers to 2 decimal places, e.g. 15.25%) 2021 2022 Return on common stockholders' equity 10 % 13.78 % LINK TO TEXT Your answer is partially correct. Try again. Compute the company's debt to assets ratio for 2021 and 2022. (Round answers to 2 decimal places, e.g. 15.25%) 2021 2022 Debt to assets ratio 0.35 Click if you would like to Show Work for this question: Open Show Work

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