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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

Lord Company

2020

2019

2020

2019

Net sales $1,830,000 $559,000
Cost of goods sold 1,099,830 296,829
Operating expenses 269,010 78,260
Interest expense 7,320 3,913
Income tax expense 54,900 6,149
Current assets 323,000 $312,700 83,200 $79,200
Plant assets (net) 519,300 500,600 139,200 124,200
Current liabilities 65,200 75,200 36,800 28,600
Long-term liabilities 108,000 90,000 29,800 26,000
Common stock, $10 par 500,000 500,000 117,000 117,000
Retained earnings 169,100 148,100 38,800 31,800

(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 enter a percentage number rounded to 1 decimal place % enter a percentage number rounded to 1 decimal place %
Return on common stockholders equity enter a percentage number rounded to 1 decimal place % enter a percentage number rounded to 1 decimal place %

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