Flag Comparative income statement data for Sunland Inc. and Marigold Ltd., two competitors, are shown below for the year ended December 31, 2021.

Comparative income statement data for Manitou Ltd. And Muskola Ltd., two competitors, are shown below for the year ended June 30, 2021. Prepare vertical analysis, calculate profitability ratios, and compare. Net sales Cost of goods sold Gross profit Operating expenses Profit from operations Rental income Profit before income tax Income tax expense Profit Additional information: Average total assets Average total shareholders' equity Manitou $360,000 200.000 160,000 60,000 100,000 12,000 112,000 22.400 89,600 Muskoka $1,400,000 720,000 680,000 272,000 408,000 24.000 432,000 95,040 336.96 $457.500 204,800 $1,725,000 743,480 Instructions a. Using vertical analysis, calculate the percentage of the base amount of the income statement for each company. b. Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on equity ratios for 2021 for each company. c. Using the information calculated in parts (a) and (b), compare the profitability of each company. d. Is your comparison in part (c) an intracompany comparison or an intercompany comparison? Explain. Taking It Further How is your assessment of profitability affected by the differing sizes of the two companies, if at all? Explain