15.Information for Ascension Corporation is provided below:
200920082007
Total assets$6,000$5,400$4,500
Total liabilities1,8001,6001,200
Net income800720600
Dividends300270225
Required:
Calculate a) debt to equity ratio, b) dividend payout ratio, c) return on assets, d) return on equity, and e) comment on Ascension's situation.
16.Information for Connolly Corporation is provided below:
200920082007
Total assets$8,000$7,200$6,400
Total liabilities4,2003,6003,000
Net income600750900
Dividends100100100
Required:
Calculate (a) debt to equity ratio, (b) dividend payout ratio, (c) return on assets,
(d) return on equity, and (e) comment on Connolly’s situation.