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%.)

Duke Company Lord Company 2020 2019 2020 2019 Net sales $1,872.000 $559.000 Cost of goods sold 1,100.736 297.388 Operating expenses 263,952 79,378 Interest expense 9,360 4.472 Income tax expense 54,288 6.149 Current assets 326,000 $314,500 83.500 $78,600 Plant assets (net) ( 519,600 497,900 141.000 125,100 Current liabilities 66,000 75,800 36,600 29,800 Long-term liabilities 107.800 91.600 30.400 25,600 Common stock. $10 par 498.000 498.000 122.500 122,500 Retained earnings 173,800 147,000 35,000 25,800 (a) Your answer is correct. Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, e.g. 12.1%) Condensed Income Statement For the Year Ended December 31, 2020 Duke Company Lord Company Dollars Percent Dollars Percent 1872000 100 DO $ $ 559000 100 1100736 58.8 i % 297388 53.20 i 771264 41.2 % 261612 46.8 263952 i 14.1 i % 79378 i 14.2 i 507312 27.1 % 182234 32.6 9360 5 1% 4472 .8 497952 26.6 % 177762 31.3 54288 i 2.9 i % 6149 i 1.1 i 443664 23.7 % $ 171613 30.7 (b1) 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%.) Duke Company Lord Company Return on assets % % Return on common stockholders' equity % % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit