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 $1.896,000 1,020,048 257,856 7,584 54,984 322,500 $310,000 520,800 500,300 64,200 75,600 108,400 90,400 498,000 498,000 172,700 146,300 Lord Company 2020 2019 $561,000 297,330 79,662 3,927 6,171 83,500 $78,000 139,800 123,000 34,400 29,600 28,400 26,000 122,500 122,500 38,000 22,900 (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 Dollars Percent 1896000 100 % Dol Net Sales $ GA Cost of Goods Sold 1020048 i 53.8 i % Gross Profit 875952 46.2 % Operating Expenses 257856 13.6 i % Income From Operations 618096 32.6 % Other Expenses and Losses Interest Expense 7584 0.4 i % Income Before Income Taxes 610512 32.2 % Income Tax Expense 54984 i 2.9 i % Net Income /(Loss) $ 555528 29.3 % HA (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 Percent Lord Company S Dollars Percent 1896000 100 % $ 561000 100 % 20048 53.8 i % 297330 i 53 i % 875952 46.2 % 263670 47 % 257856 13.6 i % 79662 i 14.2 i % 618096 32.6 % 184008 32.8 % 7584 0.4 i % 3927 i 0.7 i % 610512 32.2 % 180081 32.1 % 54984 2.9 % 6171 i 1.1 i % 555528 29.3 % $ 173910 31 % (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 % % Return on common stockholders' equity %