Question 3 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. Lord Company 2020 2019 5561,000 297,330 78,540 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term lates Common stock, 510 par Retained earnings Duke Company 2020 2019 $1,860,000 1,030,440 265,980 7,440 53,940 327,000 $314,500 522,000 500,100 64,200 75,000 108,800 91,400 503,000 503,000 173,000 145,400 6,171 83,800 578,000 138,300 123.900 36,800 29,600 30,200 25,200 120,500 120,500 34,600 26,600 (a) Elyour answer is correct. 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%.) Cadd lacus For the Year Ended December 312000 Duke Company Dulare Port Lord Company Dlar Sales 160000 100 S6100 100 Cost of God 1030440 55 297330 Gross Prati 199560 445 Operating 265980 7150 Income From Operations 563580 Other pensando Interest bene 7440 Income before Income Taves 556140 181203 Income Tax 53940 5171 Net Income 502200 17502 312 (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 % %