Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Bramble Company Debra Company 2022 2021 2022 2021 Net sales $1,896,000 $561,000 Cost of goods sold 1,020,048 297,330 Operating expenses 257,856 79,662 Interest expense 7,584 3,927 Income tax expense 54,984 6,171 Current assets 322,500 $310,000 83,500 $78,000 Plant assets (net) 520,800 500,300 139,800 123,000 Current liabilities 64,200 75,600 34,400 29,600 Long-term liabilities 108,400 90,400 28,400 26,000 Common stock, $10 par 498,000 498,000 122,500 122,500 Retained earnings 172,700 146,300 38,000 22,900 Compute the 2022 return on assets and the return on common stockholders’ equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.) Bramble Company Debra Company Return on assets enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place % Return on common stockholders’ equity enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place %

Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Bramble Company Debra Company 2022...

Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021.

	Bramble Company	Debra Company
	2022	2021	2022	2021
Net sales	$1,896,000		$561,000
Cost of goods sold	1,020,048		297,330
Operating expenses	257,856		79,662
Interest expense	7,584		3,927
Income tax expense	54,984		6,171
Current assets	322,500	$310,000	83,500	$78,000
Plant assets (net)	520,800	500,300	139,800	123,000
Current liabilities	64,200	75,600	34,400	29,600
Long-term liabilities	108,400	90,400	28,400	26,000
Common stock, $10 par	498,000	498,000	122,500	122,500
Retained earnings	172,700	146,300	38,000	22,900

Compute the 2022 return on assets and the return on common stockholders’ equity ratios for both companies.
(Round answers to 1 decimal place, e.g. 12.1%.)

	Bramble Company		Debra Company
Return on assets	enter percentages rounded to 1 decimal place	%		enter percentages rounded to 1 decimal place	%
Return on common stockholders’ equity	enter percentages rounded to 1 decimal place	%		enter percentages rounded to 1 decimal place	%

Jun 10, 2022

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Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Bramble Company Debra Company 2022...

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