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Please help with the questions below. I hope the photos are clear enough, if not please let me know. Thank you in advance! Here are
Please help with the questions below. I hope the photos are clear enough, if not please let me know.
Thank you in advance!
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. Crane Company Sheridan Company 2022 2021 2022 2021 Net sales $1,855,000 $596,000 Cost of goods sold 1,063,000 291,000 Operating expenses 265,000 89,000 Interest expense 8,600 3,200 Income tax expense 74,900 35,000 Current assets 534,599 $512,352 136,671 $ 130,326 Plant assets (net) 863,952 820,000 229.154 206,332 Current liabilities 108,773 124,337 57,971 49,661 Long-term liabilities 186,944 147,600 48,577 41,000 Common stock, $10 par 820,000 820,000 196,800 196,800 Retained earnings 282.834 240,416 62,477 49,197 Prepare a vertical analysis of the 2022 income statement data for Crane Company and Sheridan Company. (Round al ratios to 1 de eg.25%) Condensed Income Statement For the Year Ended December 31, 2022 Crane Company Sheridan Company Dollars Percent Dollars Percent $1,855,000 % $596,000 % 1,063,000 % 291,000 % 792,000 % 305,000 % > 265,000 % 89,000 % 527,000 % 216,000 % 8,600 3,200 % 8,600 % 3,200 % 518,400 % 212,800 % 74,900 % 35,000 % $443,500 % % $177,800 (61) Compute the 2022 return on assets and the return on common stockholders' equity for both companies. (Round all ratlos to 1 decimal place, eg. 2.5%.) Crane Company Sheridan Company %% % Return on assets % % Return on common stockholders' equity
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