Problem 18-01A 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		$1,884,000				$561,000
Cost of goods sold		1,070,112				297,330
Operating expenses		261,876				79,662
Interest expense		7,536				3,927
Income tax expense		52,752				6,171
Current assets		320,500		$311,800		83,200		$78,300
Plant assets (net)		519,000		497,300		139,800		124,500
Current liabilities		65,000		75,000		34,200		30,000
Long-term liabilities		108,800		90,200		29,000		25,600
Common stock, $10 par		501,500		501,500		120,000		120,000
Retained earnings		164,200		142,400		39,800		27,200

(a) Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, e.g. 12.1%.) (b1) Compute the 2020 return on assets and the return on common stockholders equity for both companies.