1. Comparative statement data for Farris Company and Ratzlaff Company, two competitors, appear below. All balance sheet data are as of December 31, 2017, and December 31, 2016.

2. Prepare a vertical analysis of the 2017 income statement data for Farris Company and Ratzlaff Company in columnar form. (Round percentages to 1 decimal place, e.g. 12.1%.)

3. Compute the return on assets and the return on common stockholders equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.) Please give explanation so I understand. Thank you.

Farris Company Ratzlaff Company 2017200 2017 $1,530,000 1,100,000 304,800 2016 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings $339,100 241,200 78,300 2,700 6,000 8,500 54,200 326,000 $310,000 82,900 $78,900 519,600 500,000 140,100 124,200 65,200 75,000 34,000 32,000 107,000 90,000 30,000 24,200 115,000 178,400 150,000 44,000 31,900 495,000 495,000 115,000