Here are comparative statement data for Ivanhoe Company and Pharoah Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Ivanhoe Company 2017 2016 $1,913,000 1,081,000 264,000 7,600 65,600 Pharoah Company 2017 2016 $603,000 289,000 89,000 1,900 31,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 726,924 $696,674 1.174,764 1.115.000 147.905 169,067 254,198 200,700 185,839 $177,211 311,593 280,561 78,826 67,527 66,053 55,750 Common stock, $10 par 1,115,000 1,115,000 267,600 267,600 Retained earnings 384,586 326,907 84,954 66.896 Prepare a vertical analysis of the 2017 income statement data for Ivanhoe Company and Pharoah Company. (Round all ratios to 1 decimal place, eg. 2.5%) Condensed Income Statement For the Year Ended December 31, 2017 Ivanhoe Company Dollars Percent Dollars $1,913,000 100 % $603,000 Pharoah Company Percent Net Sales 107.9 % Cost of Goods Sold 1,081,000 57.9 % 289,000 51.7 % Gross Profit 832,000 44.6 % 314,000 56.2 Operating Expenses 264,000 14.1 % 89.000 15.9 % Income From Operations 568,000 30.4 % 225,000 40.3 % Other Expenses and Losses Interest Expense 7,600 0.4 % 1,900 0.3 % Income Before Income Taxes 560.400 30 % 223,100 39.9 % Income Tax Expense 65,600 3.5 % 31,000 5.5 Net Income /(Loss) $494,800 26.5 % $192.100 34.4 % Compute the 2017 return on assets and the return on common stockholders' equity for both companies. (Round all ratios to 1 decimal place, e.g. 2.5%.) Ivanhoe Company Pharoah Company Return on assets 25.5 % 38.6 % Return on common stockholders' equity 44.7 % 71.8 %