Here are comparative financial statement data for Waterway Company and Cynthia Company, two competitors. All data are as of December 31, 2022 and December 31, 2021 Cynthia Company 2022 2022 2021 Net sales Waterway Company 2021 $1,800,000 1,090,800 273,600 $561,000 297.330 78.540 Cost of goods sold Operating expenses Interest expense Income tax expense Current assets 9,000 4.488 54,000 6,732 322,000 $310,600 82.900 $78,300 Plant assets (net) 520,500 500,900 139,200 125,100 Current liabilities 65,200 74,400 36,200 29,200 Long-term liabilities 108.800 89,000 28,000 26,000 Common stock. $10 par 502.000 502,000 117.000 117.000 Retained earnings 166.500 146,100 40.900 31.200 Prepare a vertical analysis of the 2022 income statement data for Waterway Company and Cynthia Company. (Round percentages to 1 decimal plate, e.g. 12.1%) Condensed Income Statement For the Year Ended December 31, 2022 Waterway Company Dollars Percent Dollars Net Sales 1.800,000 1000% 56 Cost of Goods Sold 1.090.800 60.6 i % 29733 Gross Proht 709 200 39.4 % 26 Operating Expenses 273600 i % 7854 Income From Operations 435.600 242% 78 Other Expenses and Loves Interest Expense 9.000 0 1 % 40 Income Before Income Taxes 26.800 23.7 1H MacBook De Net Income /(Loss) 372.600 20.7% 1 eTextbook and Media Attempts: 3 of 3 used Using multiple attempts has impacted your score. 15% score reduction after attempt 1 (61) Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, c.8. 12.1%) Waterway Company Cynthia Company Return on assets % % Return on common stockholders' equity % %