Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Accounting. Presented below is information from the annual report of emporia plastic, inc..

Presented below is information from the annual report of
Emporia Plastics, Inc.
Operating income
$532,150
Bond interest expense 135,000
397,150
Income taxes
183,432
Net income
$213,718
Bonds payable
$1,000,000
Common stock
875,000
375,000
Retained earnings
Compute the return on common stockholders' equity and the
rate of interest paid on bonds.
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Transcribed Image Text:Presented below is information from the annual report of Emporia Plastics, Inc. Operating income $532,150 Bond interest expense 135,000 397,150 Income taxes 183,432 Net income $213,718 Bonds payable $1,000,000 Common stock 875,000 375,000 Retained earnings Compute the return on common stockholders' equity and the rate of interest paid on bonds.
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