Question 2 of 5 < > View Policies -/16 Current Attempt in Progress Here are comparative statement data for Sunland Company and Blossom Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021. Sunland Company Blossom Company 2022 2021 2022 2021 Net sales $1,934,000 $572,000 Cost of goods sold 1,069,000 283,000 Operating expenses 266,000 86,000 Interest expense 8,500 2,200 Income tax expense 74,600 33,000 Current assets 417,248 $399,885 106,670 $101,718 Plant assets (net) 674,304 640,000 178,852 161,039 Current liabilities 84,896 97,043 45,245 38,760 Long-term liabilities. 145,907 115,200 37.914 32,000 Common stock, $10 par 640,000 640,000 153,600 153,600 Retained earnings 220,749 187,642 48,763 38,397 Question 2 of 5 < (a) -/16 E !!! Prepare a vertical analysis of the 2022 income statement data for Sunland Company and Blossom Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2022 Sunland Company Dollars Net Sales $1.934,000 Cost of Goods Sold 1,069,000 Gross Profit Blossom Company Percent Dollars Percent 31 % $572,000 % 283,000 865,000 144 % 289,000 266,000 44 % 86,000 % % % 599,000 100 % 203,000 100 % Operating Expenses Income From Operations Other Expenses and Losses Interest Expense 0 8,500 Income Before Income Taxes 590,500 MarBank ALL % 2,200 % 200,800 SUP (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%.) Return on assets Return on common stockholders' equity Sunland Company Blossom Company %