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Condensed Income Statement For the Year Ended December 31, 2020 Duke Company Dollars Percent Lord Company Dollars Percent Net Sales 1,836,000 100 % $ 561,000
Condensed Income Statement For the Year Ended December 31, 2020 Duke Company Dollars Percent Lord Company Dollars Percent Net Sales 1,836,000 100 % $ 561,000 % Cost of Goods Sold 1,050,192 % 296,208 % Gross Profit V % % Operating Expenses 268,056 % 79,101 % Income From Operations V % % Other Expenses and Losses 9,180 % 3,927 % Interest Expense Income Before Income Taxes % % Income Tax Expense v 53,244 % 6,732 % Net Income / (Loss) % $ % Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, eg. 12.1%.) Duke Company Lord Company Return on assets % % Return on common stockholders' equity % %
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