Question: Comparative statement data for Lionel Company and Barrymore

Comparative statement data for Lionel Company and Barrymore Company, two competitors, appear below. All balance sheet data are as of December 31, 2014, and December 31, 2013.


Instructions
(a) Prepare a vertical analysis of the 2014 income statement data for Lionel Company and Barrymore Company in columnar form.
(b) Comment on the relative profitability of the companies by computing the return on assets and the return on common stockholders’ equity ratios for bothcompanies.
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  • CreatedMarch 22, 2012
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