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Question 10 of 11 < > Duke Company Lord Company 2020 2019 2020 2019 Net sales $1,866,000 $561,000 Cost of goods sold 1,000,176 297,330
Question 10 of 11 < > Duke Company Lord Company 2020 2019 2020 2019 Net sales $1,866,000 $561,000 Cost of goods sold 1,000,176 297,330 Operating expenses 264,972 79.101 Interest expense 9,330 3,927 Income tax expense 54,114 6.732 Current assets 325,000 $314,200 82,600 $79,200 Plant assets (net) 520,200 501,800 140,400 124,200 Current liabilities 64,800 74,400 37,000 30,200 Long-term liabilities 107,000 90,400 28,000 25,400 Common stock, $10 par 503,000 503,000 116,000 116,000 Retained earnings 170,400 148,200 42,000 31,800 (a) (b1) 1.47/3 E Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, eg. 12.1%.) Return on assets Return on common stockholders' equity eTextbook and Media Duke Company Lord Company % % % Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2
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