Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021.

a) Prepare a vertical analysis of the 2022 income statement data for Duke Company and Lord Company (Round ratios to 1 decimal place, e.g. 2.5%)

b) Compute the 2022 return on assets and the return on common stockholders' equity for both companies. (Round ratios to 1 decimal place, e.g. 2.5%)

Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021. Duke Company 2022 2021 $1,849,000 1.063.200 Lord Company 2022 2021 $546,000 Net sales 289,000 240,000 82,000 Cost of goods sold Operating expenses Interest expense Income tax expense 6,800 3,600 62,000 28,000 325,975 $312.410 83,336 $79.467 526.800 500,000 139,728 125,812 Current assets Plant assets (net) Current liabilities Long-term liabilities 66,325 75,815 35,348 30.281 113.990 90,000 29,620 25,000 Common stock, $10 par 500,000 500,000 120.000 120,000 Retained earnings 172,460 146,595 38,096 29.998 a) Condensed Income Statement For the Year Ended December 31, 2022 Duke Company Dollars Percent Lord Company Dollars Percent Net Sales $1,849,000 100 % $546,000 100 Cost of Goods Sold 1,063,200 57.5 % 289,000 5293 Gross Profit 785,800 425 % 257,000 19.07 Operating Expenses 240,000 1298 % 82,000 15.02 Income From Operations 545,800 % 175,000 32.0 Other Expenses and Losses Interest Expense . 6,800 DIR % 3,600 OS Income Before Income Taxes 539,000 % 171.400 Income Tax Expense 62.000 03 %6 28.000 Net Income /(Loss + $477,000 25 % $143.400 2626 (61) Compute the 2022 return on assets and the return on common stockholders equity for both companies. (Round ratios to 1 decimal place, e.g. 2.5%) Duke Company Lord Company Return on assets %6 96 Return on common stockholders' equity 96 %6 e Textbook and Media