Here are comparative statement data for Pharoah Company and Cullumber Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021. Pharoah Company Cullumber Company 2022 2021 2022 2021 Net sales $1,892,000 $568,000 Cost of goods sold 1,163,580 280,592 Operating expenses 221,364, 89,744 Interest expense 5,676 3,976 Income tax expense 66,220 27.832 Current assets 325,100 $306,800 84,400 $80,500 Plant assets (net) 523,000 497,000 136,900 124,700 Current liabilities 66,600 74,700 36,000 30,700 Long-term liabilities 112.900 89,000 30,100 24,900 Common stock, $10 par 504,000 504,000 118,000 118,000 Retained earnings 164,600 136,100 37,200 31,600 (a) Prepare a vertical analysis of the 2022 income statement data for Pharoah Company and Cullumber Company. (Round ratios to 1 decimal place, e.g. 2.5%) Condensed Income Statement For the Year Ended December 31, 2022 Pharoah Company Cullumber Company Dollars $1,892,000 Percent Dollars Percent % $568,000 1,163,580 % 280,592 728,420 % 287,408 221,364 % 89,744 507,056 % 197,664 5,676 % 3,976 501.380 % 193,688 5,676 3,976 501,380 % 193,688 66,220 % 27,832 $435,160 % $165,856 (b1) Compute the 2022 return on assets and the return on common stockholders' equity for both companies. (Round ratios to 1 decimal place, e.g. 2.5%) Return on assets Return on common stockholders' equity Save for Later Pharoah Company Cullumber Company % % % % Attempts: 0 of 1 used Submit