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Here are comparative financial statement data for Sandhill Company and Wildhorse Company, two competitors. All data are as of December 31, 2022, and December
Here are comparative financial statement data for Sandhill Company and Wildhorse Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. 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 Sandhill Company 2022 $1,872,000 1,070,784 265,824 9,360 54,288 323,500 $310,300 497,600 74,400 89,600 497,500 146,400 522,000 2021 64,800 108,200 497,500 175,000 Wildhorse Company 2022 $561,000 297,330 78,540 3,927 6,732 82,300 138,900 36,600 29,000 120,000 35,600 2021 $79,200 125,400 29,400 25,200 120,000 30,000 Prepare a vertical analysis of the 2022 income statement data for Sandhill Company and Wildhorse Company. (Round percentages to 1 decimal place, e.g. 12.1%.) Dollars Condensed Income Statement Sandhill Company Percent % % % % % % % % % $ Dollars Wildhorse Company Percent Compute the 2022 return on assets and the return on common stockholders' equity for both companies. (Round answers to 1 decimal place, e.g. 12.1%) Return on assets Return on common stockholders' equity Sandhill Company % Wildhorse Company %
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