Here are comparative statement data for Clark Company and Kent Company, two competitors. All balance sheet data are as of December 31, 2010, and December 31,

2009.

Instructions
(a) Prepare a vertical analysis of the 2010 income statement data for Clark Company and Kent Company.
(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.

Clark Company Kent Compan 2009 2009 Cost of goods sold Income tax expense Plant assets (net) Current liabilities Long-term liabilities 2