+ CH 13 LO 3 Homework Part 1 Question 12 of 13 5/5 Current Attempt in Progress Here are comparative statement data for Ivanhoe Company and Pharoal Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019 Ivanhoe Company 2020 2019 Pharoah Company 2020 2019 $551,000 $1.857.000 1.049 205 275.500 Net sales Cost of goods sold Operating expenses Interestepense Income tax expense 248,838 80.997 5.571 3.852 57567 26.448 324,600 $316.900 82.600 $79.700 531.500 508.000 140,600 125.900 Current assets Plant annets net) Current liabilities Long-term liabilities 67.100 76.800 36 100 30.500 112.900 90,000 29.500 25.200 Common stock 510 500.000 500.000 118.000 118.000 Retained earnings 176400 158100 39.800 31.900 CH 13 LO 3 Homework Part 1 Question 12 of 13 -75 Condensed Income Statement Ivanhoe Company Pharoah Company Dollars Percent Dollars Percent $1857.000 56 $551,000 1.049,205 X 275.500 807,795 275,500 248,838 * 80.997 556,957 % 194503 5.571 % 3,857 553,386 X 190,646 57,567 26448 $495,819 * $164.198 (51) Compute the 2020 retum on assets and the return on common stockholders equity for both companies. (Round all ratios to 1 decimal place, es. 2.5%) Ivanhoe Company Pharoah Company Return on assets Return on common stockholders equity e Textbook and Media