Question 8 View Policies Current Attempt in Progress Here are comparative statement data for Wildhorse Company and Sandhill Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Wildhorse Company 2020 2019 $1,805,000 983,725 241,870 7,220 66,785 Sandhill Company 2020 2019 $560,000 303,520 91,840 3,920 30.240 Current assets Plant assets (net) Current liabilities Long-term liabilities 323,400 $313,700 520,100 508,000 65,500 76,800 112,300 90,000 83,900 $78,600 137,700 126,700 35,400 30,000 29,500 25.400 Common stock, $10 par Retained earnings 502,000 163,700 502,000 152,900 121000 121,000 35,700 28,900 Prepare a vertical analysis of the 2020 income statement data for Wildhorse Company and Sandhill Company. (Round all ratios to 1 decimal place, es 2.5%) Condensed Income Statement Wildhorse Company Dollars Percent $1,805,000 Sandhill Company Percent Dollars % $560,000 983.725 % 303,520 821.275 256,480 241,870 91.840 579,405 164,640 7,220 3.920 572,185 % 160,720 66,785 30,240 $505,400 % $130,480 (61) Compute the 2020 return on assets and the return on common stockholders' equity for both companies. Round all ratios to 1 decimal place, e 2.5%) Wildhorse Company Sandhill Company Return on assets Return on common stockholders' equity e Textbook and Media