Question: Here are comparative financial statement data for Concord Company and Karen Company, two competitors. All data are as of December 31, 2022, and December 31,

Here are comparative financial statement data for Concord Company and Karen Company, two competitors. All data are as of December 31, 2022, and December 31, 2021.

Concord Company

Karen Company

2022

2021

2022

2021

Net sales

$1,884,000 $559,000

Cost of goods sold

1,079,532 296,829

Operating expenses

259,992 79,937

Interest expense

7,536 4,472

Income tax expense

54,636 6,149

Current assets

320,000 $314,200 82,300 $78,600

Plant assets (net)

521,700 500,000 139,200 124,500

Current liabilities

65,400 74,600 36,400 30,600

Long-term liabilities

108,400 89,800 29,200 25,400

Common stock, $10 par

498,000 498,000 117,000 117,000

Retained earnings

169,900 151,800 38,900 30,100

Compute the 2022 return on assets and the return on common stockholders equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.)

Concord Company

Karen Company

Return on assets

enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place %

Return on common stockholders equity

enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place %

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