Prepare common$-$size income statements.

Prepare common$-$size income statements.

$($Always use cell references and formulas where appropriate to receive full credit. If you copy$/$paste from the Instructions tab

you will be marked wrong.$)$

Compute profit margin, return on assets, and return on stockholders' equity.

$($Always use cell references and formulas where appropriate to receive full credit. If you copy$/$paste from the Instructions tab

you will be marked wrong. Use cell references from prior calculations, if applicable.$)$

The Golden Fence Company and Stone Wall Corporation are competitors in manufacturing walls and fences. Their income

statements have been provided on the ENTERANSWERS tab. The other information follows:

Use the blue shaded areas on the ENTERANSWERS tab for inputs.

Always use cell references and formulas where appropriate to receive full credit. If you copy$/$paste from the Instructions

tab you will be marked wrong.

Requirements

$1$ Prepare common$-$size income statements.

$2$ Compute profit margin, return on assets, and return on stockholders' equity.

a$.$ Use cell references from prior calculations, if applicable.