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Oslo Corporation decided to issue common stock and used the $400,000 proceeds to retire all of its outstanding bonds on January 1, 2010. The following information is available for the company for 2009 and 2010.

2010 2009
Net income $175,650 $155,020
Average stockholders' equity 956,210 609,730
Total assets 1,003,770 1,003,270
Current liabilities 100,000 100,000
Total liabilities 242,550 426,380

Compute the return on stockholder's equity ratio for both years. (Round all answers to 1 decimal place, e.g. 12.2.)
Compute the debt to total assets ratio for both years. (Round all answers to 1 decimal place, e.g. 12.2.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413162

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