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Here are comparative statement data for Carla Vista Company and Wildhorse Company, two competitors. All balance sheet data are as of December 31, 2020, and
Here are comparative statement data for Carla Vista Company and Wildhorse Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Carla Vista Company Wildhorse Company 2020 2019 2020 2019 $1,863,000 $562,000 1,028,376 323.712 232,875 82,614 7,452 3,934 65.205 27,538 Current assets Plant assets (net) Current liabilities Long-term liabilities 331,000 $313,900 521,600 505,000 65,200 75,900 115,800 88,000 84,500 $78,600 139,100 126,000 35,100 29,600 29,100 24,500 Common stock, $10 par Retained earnings 500,000 171,600 500.000 155,000 122,000 37,400 122,000 28,500 Prepare a vertical analysis of the 2020 income statement data for Carla Vista Company and Wildhorse Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement Carla Vista Company Dollars Percent $1,863,000 Wildhorse Company Dollars Percent % $562,000 1,028,376 % 323.712 834,624 % 238,288 232,875 % 82,614 601,749 % 155,674 7,452 % 3,934 594,297 % 151.740 65.205 % 27,538 $529,092 % $124,202 (51) Compute the 2020 return on assets and the return on common stockholders' equity for both companies. (Round all ratios to 1 decimal place, e.g. 2.5%.) Carla Vista Company Wildhorse Company Return on assets Return on common stockholders' equity
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