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Here are comparative statement data for Oriole Company and Ivanhoe Compan Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Oriole

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Here are comparative statement data for Oriole Company and Ivanhoe Compan Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Oriole Company 2020 2019 $1,928,000 1,087,392 242,928 7,712 69,408 Ivanhoe Company 2020 2019 $561,000 269,841 79,101 3,927 31,416 Current assets Plant assets (net) Current liabilities Long-term liabilities 324,900 $317,900 526,100 504,000 67,300 77,300 113,200 92,000 82,100 $77,900 141.600 124,600 35,200 29,800 29,600 24.600 Common stock. $10 par Retained earnings 502,000 168,500 502,000 150,600 122,000 122,000 36,900 26,100 Prepare a vertical analysis of the 2020 income statement data for Oriole Company and Ivanhoe Company. (Round all ratlos to 1 Condensed Income Statement For the Year Ended December 31, 2020 Oriole Company Ivanhoe Company Dollars Percent Dollars Percent $1,928,000 100 % $561,000 Net Sales Cost of Goods Sold 1,087,392 56.4 % 269,841 Gross Profit 840,608 43.6 % 291.159 Operating Expenses 242,928 79.101 Income From Operations 597,680 % 212,058 Other Expenses and Losses Interest Expense 7.712 3.927 Income Before Income Taxes 589.968 % 208,131 Income Tax Expense 69,408 % 31,416 Net Income /(Loss) $520,560 % $176.715 (61) Compute the 2020 return on assets and the return on common stockholders' equity for both companies. (Round a Oriole Company Ivanhoe Company Return on assets Return on common stockholders' equity

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