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CALCULATOR PRINTER VERSION Condensed Income Statement 4 For the Year Ended December 31, 2020 Duke Company Lord Company Dollars Percent Dollars Percent Net Sales 1824000
CALCULATOR PRINTER VERSION Condensed Income Statement 4 For the Year Ended December 31, 2020 Duke Company Lord Company Dollars Percent Dollars Percent Net Sales 1824000 100 559000 100 % % ! Cost of Goods Sold 1050624 57.6 296829 53.1 % % > ! Gross Profit 773376 42.4 262171 46.9 % % ! Operating Expenses 269952 14.8 79937 14.3 % % Income From Operations 503424 27.6 182234 32.6 % % Other Expenses and Losses Interest Expense 7296 0.4 4472 0.8 % % 496128 Income Before Income Taxes 27.2 177762 31.8 % % M 54720 3.0 6708 1.2 Income Tax Expense % % 441408 24.2 171054 30.6 Net Income (Loss) % $1 % III thic quartinn. non Show Work Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies, round answers to 1 decimal place, co 12.1 Duke Company Lord Company Return on assets % % Return on common stockholders' equity % Click if you would like to show Work for this question: Open Show Work Attempts: 0 of 5 used HAVE FOR LATER
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