Question: Here are comparative statement data for Ivanhoe Company and Pharoah Company, two competitors. All balance sheet data are as of December 31, 2022, and December

 Here are comparative statement data for Ivanhoe Company and Pharoah Company,
two competitors. All balance sheet data are as of December 31, 2022,
and December 31, 2021 Ivanhoe Company 2022 2021 $1,865,000 Pharoah Company 2022

Here are comparative statement data for Ivanhoe Company and Pharoah Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021 Ivanhoe Company 2022 2021 $1,865,000 Pharoah Company 2022 2021 $595,000 279.000 1.064.000 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense 252,000 84.000 8,000 1,800 70.900 35,000 583,495 5559214 149.171 $ 142.246 942.972 895,000 250,113 225.203 Current assets Plant assets (net) Current liabilities Long-term liabilities 118.722 135 709 63.273 54.203 204042 161,100 53,020 44.750 Common stock, $10 par 895.000 895,000 214,800 214,800 Retained earnings 308.703 262,405 68,192 53,696 Prepare a vertical analysis of the 2022 income statement data for Ivanhoe Company and Pharoah Company. (Round all ratios to 1 decimal place. es.2.5%) Condensed Income Statement For the Year Ended December 31, 2022 Ivanhoe Company Pharoah Company Dollars Percent Dollars Percent V $1.865,000 % $595,000 1,064,000 96 279.000 801,000 % % 316,000 V 252.000 % 96 84.000 549.000 56 232.000 > 8,000 1.800 541.000 96 230.200 70.900 35,000 $470,100 $195.200 (61) Compute the 2022 return on assets and the return on common stockholders' equity for both companies. (Round all ratios to 1 decimal place.eg 2.5%) Ivanhoe Company Pharoah Company Return on assets % 96 Return on common stockholders' equity %6

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