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Thank you in advance!!! Here are comparative statement data for Oriole Company and Ivanhoe Company, two competitors. All balance sheet data are as of December
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Here are comparative statement data for Oriole Company and Ivanhoe Company, two competitors. All balance sheet data are as of December 31, 2019, and December 31, 2018 Oriole Company Ivanhoe Company 2019 2018 2019 2018 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense $1,928,000 1,087.392 242,928 7,712 69,408 $561,000 269,841 79,101 3,927 31,416 Current assets Plant assets (net) Current liabilities Long-term liabilities 324,900 $317,900 82,100 $77,900 526,100 504,000 141,600 124,600 67,300 77.300 35,200 29,800 29,600 24,600 113,200 92,000 Common stock, $10 par 502,000 502,000 122,000 122,000 Retained earnings 168,500 150,600 36,900 26,100 Prepare a vertical analysis of the 2019 income statement data for Oriole Company and Ivanhoe Company. (Round all ratios to 1 decimal place, eg. 2.5%.) Income Statement For the Year Ended December 31, 2019 Oriole Company Ivanhoe Company Dollars Percent Dollars Percent $1,928,000 1,087,392 840,608 242,928 597,680 % $561,000 % 269,841 % 291,159 79,101 % 212,058 7,712 589,968 69,408 S520,560 3,927 % 208,131 31,416 % $176,715 (b1) Compute the 2019 return on assets and the return on common stockholders' equity for both companies. (Round all ratios to 1 decimal place, e.g. 2.5%.,) eCompany Ivan Return on assets Return on common stockholders' equityStep by Step Solution
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