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DI am stuck on B1) return on assets and return on common stockholders' equity for Oriole Company and Kimberly Company Thank You in advance! Current

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedDI am stuck on B1) return on assets and return on common stockholders' equity for Oriole Company and Kimberly Company Thank You in advance!

Current Attempt in Progress Here are comparative financial statement data for Oriole Company and Kimberly Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Oriole Company Kimberly Company 2022 2021 2022 2021 Net sales $1,866,000 $561,000 Cost of goods sold 1,000,176 297,330 Operating expenses 264,972 79.101 Interest expense 9,330 3.927 Income tax expense 54,114 6,732 Current assets 325,000 $314,200 82,600 $79,200 Plant assets (net) 520,200 501,800 140,400 124,200 Current liabilities 64,800 74,400 37,000 30,200 Long-term liabilities 107.000 90,400 28.000 25,400 Common stock, $10 par 503,000 503.000 116.000 116,000 Retained earnings 170,400 148.200 42,000 31.800 (a) Your answer is correct. Prepare a vertical analysis of the 2022 income statement data for Oriole Company and Kimberly Company. (R 1 decimal place, e.g. 12.1%.) Condensed Income Statement For the Year Ended December 31, 2022 Oriole Company Dollars Percent Net Sales $ 1866000 100 % Cost of Goods Sold 1000176 i 53.6 i % Gross Profit 865824 46.4 % Operating Expenses 264972 i 14.2 i % Income From Operations 600852 32.2 % Other Expenses and Losses Interest Expense 9330 i .5 i % Income Before Income Taxes 591522 31.7 % Income Tax Expense 54114 i 2.9 i % Net Income /(Loss) $ 537408 28.8 % Toutboard Modi Kimberly Company Dollars Percent tA 561000 100 % 297330 i 53 i % 263670 47 % 79101 i PE 14.1 i % 184569 32.9 % 3927 i .7 i % 180642 32.2 % 6732 i 1.2 i % $ 173910 31 % (61) Your answer is incorrect. Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.) Oriole Company Kimberly Company Return on assets % % Return on common stockholders' equity % % e Textbook and Media

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