Question 2 of 3 Net sales Here are comparative statement data for Pharoah Company and Cullumber Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities

Here are comparative statement data for Pharoah Company and Cullumber Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Prepare a vertical analysis of the 2020 income statement data for Pharoah Company and Cullumber Company. (Round all ratios to 1 decimal place, es. 2.5%1 Compute the 2020 return on assets and the return on common stockholders' equity for both companies, (Round all ratios to 1 decimal place, e.8. 2.5\%.)