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Here are comparative statement data for Wildhorse Company and Sandhill Company, two competitors. All balance sheet data are as of December 31, 2022, and December

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Here are comparative statement data for Wildhorse Company and Sandhill Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021. Sandhill Company 2022 2021 2021 Net sales Wildhorse Company 2022 $1,899,000 1,062,000 259,000 $578,000 297.000 88,000 Cost of goods sold Operating expenses Interest expense Income tax expense 6.900 2.500 69,600 29,000 518,300 $496,732 132,504 $ 126,353 837,612 795,000 222,168 200,041 Current assets Plant assets (net) Current liabilities Long-term Ilabilities 105,457 120,546 56,203 48,147 181.244 143,100 47,096 39.750 Common stock. $10 par 795,000 795,000 190,800 190,800 Retained earnings 274,211 233,086 60,573 47.697 Condensed Income Statement For the Year Ended December 31, 2022 Wildhorse Company Dollars Percent Sandhill Company Dollars Percent Net Sales $1,899,000 100 % $578,000 100 2 9 Cost of Goods Sold e 1,062,000 559 % 297,000 514 2 Gross Profit 837,000 141 % 281.000 486 9 Operating Expenses 259.000 136 % 88,000 152 Income From Operations 2 578,000 % 193,000 334 9 Other Expenses and Losses : Interest Expense 6.900 4 %6 2,500 Income Before Income Taxes 571.100 30.1 96 190.500 25 5 Income Tax Experts e 69.600 % 29.000 9 Net Income /(Loss) $501.500 26 $161.500 20 Compute the 2022 return on assets and the return on common stockholders' equity for both companies. (Round all ratios to 1 decimal place, e.g. 2.5%) Wildhorse Company Sandhill Company Return on assets 96 % Return on common stockholders' equity %

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