Given the following information for Wilco Inc., compute 2022…
Given the following information for Wilco Inc., compute 2022 ROCE: 2022 2021 Total Assets $50,000,000 $48,000,000 Total Liabilities $30,000,000 $29,000,000 Total Stockholders’ Equity $20,000,000 $19,000,000 Total Common Shareholders’ Equity $19,000,000 $18,000,000 Common Stock; $1 par value; 1,000,000 shares issued and outstanding 12/31/2021 & 12/31/2022 $1,000,000 $1,000,000 Preferred Stock; $10 par value; 100,000 shares issued and outstanding 12/31/2021 & 12/31 2022 $1,000,000 $1,000,000 Preferred Dividends $100,000 $100,000 Common Dividends $80,000 $80,000 Interest Expense $200,000 $180,000 Net Income (Consolidated) $5,000,000 $4,750,000 Non-Controlling Interest in Income $200,000 $200,000