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Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2020, and December
Here are comparative statement data for Duke Company and Lord 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 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock. $10 par Retained earnings Duke Company 2020 2019 $1,800,000 1,090,800 273,600 9.000 54,000 322,000 $310.600 520.500 500,900 65.200 74.400 108,800 89.000 502,000 502,000 146,100 Lord Company 2020 2019 $561,000 297,330 78,540 4,488 6,732 82.900 $78,300 139.200 125.100 36,200 29,200 28.000 26,000 117.000 117.000 40.900 31,200 (a) Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place. eg. 12.19.) Condensed Income Statement Duke Company Dollars Percent Dollars 90 5 > % > % 96 96 > > 56 $ 95 eTextbook and Media
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