Question: Urgent, help please :) Here are comparative financial statement data for Oriole Company and Kimberly Company, two competitors. All data are as of December 31,




Urgent, help please :)
Here are comparative financial statement data for Oriole Company and Kimberly Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant asse (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings Oriole Company 2022 $1,866,000 1,000,176 264,972 9,330 54,114 325,000 520,200 64,800 107,000 503,000 170,400 2021 $314,200 501,800 74,400 90,400 503,000 148,200 Kimberly Company 2022 $561,000 297,330 79,101 3,927 6,732 82,600 140,400 37,000 28,000 116,000 42,000 2021 $79,200 124,200 30,200 25,400 116,000 31,800 Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.) Return on assets Return on common stockholders' equity Oriole Company % do % Kimberly Company % % Selected data from Martinez Company are presented below: Total assets Average assets Net income Net sales Average common stockholders' equity (a) $1,630,000 2,110,000 358,700 1,793,500 Calculate the profitability ratios that can be computed from the above information. 1,170,000 Profit margin Calculate the profit margin. (Round answer to 1 decimal place, e.g. 15.2%.) % The comparative condensed income statements of Larkspur Corporation are shown below. LARKSPUR CORPORATION Comparative Condensed Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Operating expenses Net income 2020 $622,200 455,100 167,100 55,760 $111,340 2019 $510,000 410,000 100,000 41,000 $59,000 Prepare a horizontal analysis of the income statement data for Larkspur Corporation using 2019 as a base. (Round percentages to 1 decimal place, e.g. 12.1%.) Net sales Cost of goods sold Gross profit Operating expenses Net income 2020 $622,200 455,100 167,100 55,760 $111,340 LARKSPUR CORPORATION Condensed Income Statements For the Years Ended December 31 2019 $510,000 $ 410,000 100,000 41,000 $59,000 $ Increase or (Decrease) During 2019 Amount Percentage % % % %
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