Flint Company manufactures backpacks. During 2022, Flint issued bonds at 10% interest and used the cash proceeds to purc

[answerhappygod]

Flint Company Manufactures Backpacks During 2022 Flint Issued Bonds At 10 Interest And Used The Cash Proceeds To Purc 1 (49.33 KiB) Viewed 44 times

Flint Company manufactures backpacks. During 2022, Flint issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Flint Company for the years 2022 and 2021 Sales revenue Net income Interest expense Tax expense Dividends paid on common stock Dividends paid on preferred stock Total asets (year-end Average total assets Total liabilities tyear-end) Ave total common stockholders' equity 2022 2021 $18,000,000 $18,000,000 4,480,000 5,000,000 1,500,000 420,000 1,340,000 1.500.000 2,670,000 3,078,000 900.000 900,000 29,000,000 33,750,000 31,375,000 53,289,000 18,000,000 9,000,000 28.200,000 42.300,000 Use the information above to calculate the following ratlos for both year: {Round answers to I decimal place, op. 12.5% or 12.5) 2022 2021 11) Retumon assets 123 Return on common stockholders equity (a Payout ratio (4) Debt toets ratio X (5) Times interestearned times times