Question: Current Attempt in Progress Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December





Current Attempt in Progress 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. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings Duke Company 2020 2019 $1,884,000 1,060,692 261,876 9,420 52,752 321,000 $312,400 521,100 497,600 65,800 74.400 108,600 91,200 503,500 503,500 164,200 140.900 Lord Company 2020 2019 $561,000 296,208 79,662 4,488 6,732 83,200 $79,500 139,200 123,300 35,800 31,800 30,000 24.400 123,000 123.000 33,600 23,600 (a) Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, eg. 12.1%) Condensed Income Statement Duke Company Loi Dollars Percent Dollars % % % % > % % (a) Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, eg. 12.1%) Condensed Income Statement Duke Company Lord Company Dollars Percent Dollars Percent $ % $ % % % % % % % % % % % % % Condensed Income Statement Duke Company Lo Dollars Percent Dollars % $ % > % % > % > > % > % > % Jestion 10 of 11 -13 Condensed Income Statement Duke Company Lord Company Dollars Percent Dollars Percent % % % % % % % % % % % % % % % % $ % (61) Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, eg. 12.1%) Duke Company Lord Company Return on assets 96 Return on common stockholders' equity % e Textbook and Media
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