(Answered) Question - oslo corporation decided to issue common stock

Accounting

Question - 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.

Compute the debt to total assets ratio for both years.

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