Problem 14-1A a, b1 (Part Level Submission) Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Duke Company Lord Company 2020 2019 2020 2019 Net sales $561,000 297,330 79,101 3,927 6,732 Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings $1,866,000 1,000,176 264,972 9,330 54,114 325,000 520,200 64,800 107,000 503,000 $314,200 501,800 74,400 90,400 503,000 148,200 82,600 140,400 37,000 28,000 116,000 42,000 $79,200 124,200 30,200 25,400 116,000 31,800 170,400 Condensed Income Statement For the Year Ended December 31, 2020 Lord Company Duke Company Dollars Percent Dollars Percent Net Sales 1 ,865,00 1,000 0% 1 Cost of Goods Sold A 1,000,176 7,330 Gross Profit 865,824 63,670 T Operating Expenses A T 264,972 T 79,101 4.1 T Income From Operations , 600,852 84,569 0/ | Other Expenses and Losses 4 T Interest Expense 330 ,927 T Income Before Income Taxes - | 91,522 0,642 T Income Tax Expense A 54,114 6,732 1.21on T Net Income / (Loss) 537,408 28.8., T 173,910 31.0% (61) Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.) Duke Company Lord Company Return on assets Return on common stockholders' equity