Comparative statement data for Breau Company and Shields Company, two competitors, appear below. All balance sheet data are as at December 31, 2003, and December 31, 2002. Breau Company Shields Company 2003 2002 2003 2002 Net sales $250,000 Cost of goods sold 160,000 $1,200,000 720,000 Operating expenses 51,000 252,000 Interest expense 3,000 10,000 Income tax expense 11,000 65,000 Net cash provided by operating activities 30,000 175,000 Current assets 140,000 $110,000 700,000 $650,000 Capital assets (net) 305,000 270,000 928,000 750,000 Current liabilities 60,000 52,000 250,000 275,000 Long-term liabilities 50,000 68,000 200,000 150,000 Common shares 260,000 210,000 750,000 700,000 Retained earnings 75,000 50,000 428,000 275,000 Instructions: a) Prepare a vertical analysis of the 2003 income statement data for Breau Company and Shields Company ( 19 marks) b) Calculate the following ratios for both companies. Be sure to show all your work. Gross profit margin 11) Profit margin Return on assets iv) Asset turnover v) Return on common shareholders' equity ( I /11 marks) c) Based on the calculations, comment on the relative profitability of these companies. Which company seems to be more profitable? Explain using three points of comparison (you may use point form.) /6 marks)