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Here are comparative financial statement data for Cullumber Company and Ivanhoe Company, two competitors. All data are as of December 31, 2022, and December
Here are comparative financial statement data for Cullumber Company and Ivanhoe Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Cullumber Company Ivanhoe Company 2022 2021 2022 2021 Net sales $1,836,000 $561,000 Cost of goods sold 1,050,192 296,208 Operating expenses 268,056 79,101 Interest expense 9,180 3,927 Income tax expense 53,244 6,732 Current assets 329,500 $311,800 82,600 $78,600 Plant assets (net) 522,000 497,000 138,600 124,800 Current liabilities 64,000 74,400 35,800 29,200 Long-term liabilities 109,000 90,000 28,600 25,200 Common stock, $10 par 496,000 496,000 120,000 120,000 Retained earnings 182,500 148,400 36,800 29,000 come statement date for Cullumber Company and Ivanhoe Company. Enge Prepare a vertical analysis of the 2022 income statement o to 1 declined plans, eg 12.1) ent data for Cullumber Company and Ivanhoe Company pr Condensed Income Statement Cullumber Company Ivanhoe Company Dollars Percent Dollars Percent Compute the 2022 return on assets and the return on common stockholders' equity for both companies.ebay.de/ Return on assets Return on common stockholders' equity Cullumber Company Ivanhoe Company
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