View Policies Current Attempt in Progress Comparative income statement data for Oriole Inc. and Cheyenne Ltd., two competitors, are shown below for the year ended December 31, 2021 Oriole $2,170,000 1,226,050 Cheyenne $540,000 342,360 943,950 197,640 564.200 86,400 Net sales Cost of goods sold Gross profit Operating expenses Profit from operations Interest expense Profit before income tax Income tax expense Profit 379.750 111,240 6,080 1,252 109.988 373,670 112,101 $261,569 27,497 $82,491 Additional information: Average total assets Average total shareholders' equity $333,563 $977,000 796,000 257,808 Using vertical analysis, calculate the percentage of the base amount of the income statement for each company. (Round answers to 1 decimal place, eg. 12.5%) ORIOLE AND CHEYENNE COMPANIES Income Statements Oriole Cheyenne Percent Percent Using vertical analysis, calculate the percentage of the base amount of the income statement for each company. (Round answers to 1 decimal place, e.g. 12.5%.) ORIOLE AND CHEYENNE COMPANIES Income Statements Oriole Cheyenne Percent Percent Net sales % %6 Cost of goods sold % 96 Gross profit % Operating expenses % % 96 Profit from operations % % Interest expense % % Profit before income tax % %6 Income tax expense % % se Profit % 96 e Textbook and Media Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on equity ratios for 2021 for each company. (Round answers to 1 decimal place, eg. 12.5 or 12.5%.) Oriole Cheyenne Gross Profit Margin % % Proft Margin % % Asset Turnover times times Return on Assets % % % Return on Equity % %6 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit