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Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.)
Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.) Duke Company Lord Company Return on assets % 81.7 % Return on common stockholders' equity % % e Textbook and Media Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Duke Company 2020 2019 Lord Company 2020 2019 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 $1,884,000 1,060,692 261,876 9,420 52,752 321,000 521,100 65,800 108,600 503,500 164,200 $312,400 497,600 74,400 91,200 503,500 140,900 $561,000 296,208 79,662 4,488 6,732 83,200 139,200 35,800 30,000 123,000 33,600 $79,500 123,300 31,800 24,400 123,000 23,600
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