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Problem 13-01A Here are comparative statement data for Carla Vista Company and Wildhorse Company, two competitors. All balance sheet data are as of December 31,
Problem 13-01A Here are comparative statement data for Carla Vista Company and Wildhorse Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021. Wildhorse Company Carla Vista Company 2022 2022 2021 2021 Net sales $1,903,000 $569,000 Cost of goods sold 1,071,000 284,000 Operating expenses 268.000 92,000 Interest expense 6,800 2,300 Income tax expense 71,000 29,000 Current assets 726,924 $696,674 185,839 $177,211 311,593 Plant assets (net) 1.174,764 1.115.000 280,561 Current liabilities 147,905 169,067 78,826 67,527 Long-term liabilities 254,198 200,700 66,053 55,750 Common stock, $10 par 1,115,000 1,115,000 267,600 267,600 Retained earnings 384,586 326,907 84,954 66,896 (a) Prepare a vertical analysis of the 2022 income statement data for Carla Vista Company and Wildhorse Company. (Round all ratios to 1 decimal place, e.q. 2.5% . ) Condensed Income Statement For the Year Ended December 31, 2022 Carla Vista Company Wildhorse Company Dollars Percent Dollars Percent $1,903,000 0% $569,000 1,071,000 9 284,000 06 832,000 285,000 06 268,000 0% 92,000 564,000 193,000 6,800 2,300 557,200 190,700 71,000 29,000 $161,700 $486,200 (b1) (b1) 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%.) Carla Vista Company Wildhorse Company Return on assets Return on common stockhoiders' equity
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