PRINTER VERSION NET 4 BACK Here are comparative statement data for Wildhorse Company and Sandhill Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Wildhorse Company Sandhill Company 2017 2016 2017 2016 Net sales $1,892,000 $580,000 Cost of goods sold 1,075,000 298,000 Operating expenses 260,000 87.000 Interest expense 8,200 2,200 Income tax expense 65,300 29,000 Current assets Plant assets (net) Current liabetes Long-term liabilities 498,742 5477,987 806,004 765,000 101,477 115,997 174,405 137,700 127.504 $121,585 213,784 192,492 54,082 46,330 45,319 38,250 Common stock, $10 par Retained earnings 765,000 765,000 183,600 183,600 263,864 224,290 58,287 45,897 Prepare a vertical analysis of the 2017 income statement data for Wildhorse Company and Sandhill Company (Round all ratios to 1 decimal place, ... 2.54.) Condensed Income Statement For the Year Ended December 31, 2017 Wildhorse Company Sandhill Company Dollars Percent Dollars Percent $1,892,000 % $580,000 % 1,075,000 % 298,000 . 817,000 % 282,000 9 260,000 % 87,000 . 557,000 195,000 + . 8,200 96 2,200 548,800 % 192,800 * * * 65,300 % 29,000 $483,500 9 $163,800 Compute the 2017 return on assets and the return on common stockholders' equity for both companies. (Round all ratios to 1 decimal place, c.9. 2.5%.) Wildhorse Company Sandhill Company Return on assets Return on common stockholders' equity % Show Work is REQUIRED for this question: Open Show Work