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Cepeda Company manufactures backpacks. During 2014, Cepeda issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Cepeda Company for the years 2014 and 2013.
(a) Use the information above to calculate the following ratios for both years: (i) return on assets, (ii) return on common stockholders’ equity, (iii) payout ratio, (iv) debt to assets ratio, and (v) times interest earned.
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