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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. Duke Company 2020 2019 $1,908,000 999,792 257,580 7,632 Lord Company 2020 2019 $561,000 296,769 78,540 4,488 6,171 55,332 327,500 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 $78,300 123,300 520.800 $314,800 498,500 75,000 89,400 82,900 138,300 36,400 30,200 64,800 108,000 31,800 24,600 504,500 504,500 124,000 124,000 171,000 144,400 30,600 21,200 (b1) Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.) Duke Company Lord Company Return on assets % % Return on common stockholders' equity % %
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