if View Policies Current Attempt in Progress Here are comparative statement data for Crane Company and Sheridan Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021. 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 Crane Company 2022 2021 $1,882,000 1,062,000 255,000 7.100 69,000 537,859 $515,477 869,220 825,000 109,436 125,095 188,084 148,500 825,000 825.000 284,559 241,882 Sheridan Company 2022 2021 $610,000 297.000 83,000 3,400 34.000 137,504 $ 131,121 230,551 207,590 58,324 49.964 48.873 41.250 198.000 198,000 62,858 49,497 (a) Prepare a vertical analysis of the 2022 income statement data for Crane Company and Sheridan Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2022 Exam 1. - /10 E Question 18 of 20 For the Year Ended December 31, 2022 Crane Company Dollars Percent Sheridan Company Percent Dollars $1.882.000 % $610,000 1,062,000 96 297,000 % 313,000 820,000 255.000 % 83.000 565.000 % 230,000 7.100 % 3,400 557.900 % 226,600 69,000 % 34.000 $488.900 % $192,600 (51) 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%) Crane Company Sheridan Company 255,000 % 83,000 565.000 96 230,000 7.100 96 3,400 557.900 96 226,600 69,000 % 34,000 $488,900 96 $192.600 (61) 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%) Crane Company Sheridan Company Return on assets % % Return on common stockholders' equity % Save for Later Attempts: 0 of 1 used Submit Ansy