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

Compute the 2020 return on assets and the return on common stockholders equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.)

Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019.

Duke Company

Lord Company

2020

2019

2020

2019

Net sales

$1,800,000 $559,000

Cost of goods sold

1,000,800 296,270

Operating expenses

234,000 78,260

Interest expense

7,200 3,913

Income tax expense

52,200 6,149

Current assets

320,000 $310,000 82,000 $78,000

Plant assets (net)

519,000 497,000 138,000 123,000

Current liabilities

64,000 74,000 34,000 28,000

Long-term liabilities

107,000 89,000 28,000 24,000

Common stock, $10 par

495,000 495,000 115,000 115,000

Retained earnings

173,000 149,000 43,000 34,000

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