Question: Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answe 1 decimal place, e.g. 12.1%.) Duke

 Compute the 2020 return on assets and the return on common
stockholders' equity ratios for both companies. (Round answe 1 decimal place, e.g.
12.1%.) Duke Company Lord Company 96 96 Return on assets Return on

Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answe 1 decimal place, e.g. 12.1%.) Duke Company Lord Company 96 96 Return on assets Return on common stockholders' equity % 96 Duke Company Lord Company Dollars Percent Dollars Percent 100 % 1800000 561000 100 % i % 60.6 i 53 1090800 i i % 297330 47 % % 263670 709200 39.4 % 78540 14 15.2 1 i % 273600 i % 33 435600 % 24.2 185130 % % 9000 % i 0.8 0,5 4488 426600 23.2 % 180642 322 96 12 % 6732 54000 3.0 i % % % 31 372600 20.7 173910 Duke Company Lord Company 2020 2019 2020 2019 Net sales $1,800,000 $561,000 Cost of goods sold 1,090,800 297,330 Operating expenses 273,600 78,540 Interest expense 9,000 4,488 Income tax expense 54,000 6,732 Current assets 322,000 $310,600 82,900 $78,300 Plant assets (net) 520,500 500,900 139,200 125,100 Current liabilities 65,200 74,400 36,200 29,200 Long-term liabilities 108,800 89,000 28,000 26,000 Common stock, $10 par 502,000 502,000 117,000 117,000 Retained earnings 166,500 146,100 40.900 31,200

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!