two different accounting sheets/statements
First one^
Here are comparative statement data for Cullumber Company and Oriole 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 Cullumber Company 2020 2019 $1,775,000 1,036,600 246,725 5,325 53,250 Oriole Company 2020 2019 $521.000 260,500 80.755 3.647 24,487 Current assets Plant assets (net) Current liabilities Long-term abilities 325,800 534.400 65.000 113.900 $313.500 505.000 74,400 90.000 83,400 140.000 35.300 29.700 $80.000 128.300 30.700 25 000 Common stock 510 par Retained earnings 491.000 190.300 491.000 163.100 119.000 39.400 119.000 33.600 Prepare a vertical analysis of the 2020 income statement data for Cullumber Company and Oriole Company. (Round all ratios to 1 decimal place, eg. 2.5%) Condensed Income Statement Cullumber Company Percent Oriole Company Percent Dollars Dollars $1.775.000 56 $521,000 1,036,600 % 260.500 738,400 % 260,500 v 246,725 96 80,755 491.675 % 179,745 5.325 90 3.647 486,350 38 176,098 53.250 24 487 $433,100 5151611 Compute the 2020 return on assets and the return on common stockholders' equity for both companies. (Round all ratios to 1 decimal place, es, 25%) Cullumber Company Oriole Company Return on assets Return on common stockholders' equity X The comparative statements of Oriole Company are presented here: 2019 $1.758.100 1.013.600 Oriole Company Income Statements For the Years Ended December 31 2020 Net sales $1.898.140 Cost of goods sold 1.066.140 Gross profit 832.000 Selling and administrative expenses 507.600 Income from operations 324.400 Other expenses and losses Interest expense 23.900 Income before income taxes 300.500 Income tax expense 93.900 Net income $206,600 744.500 486.600 257.900 21,900 236.000 74.900 $161.100 Oriole Company Balance Sheets December 31 Assets 2020 2019 $60.100 74.000 125.400 127.900 387,400 660.000 $1.047.400 $64,200 50,000 110.400 117,400 342.000 531,300 $873.300 Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders equity Total liabilities and stockholders' equity $167.600 45,400 213.000 231.000 444.000 $153.000 43.900 196.900 211.000 407.900 290.000 313,400 603.400 51.047.400 300.000 165,400 1465,400 5873.300 All sales were on account. Net cash provided by operating activities for 2020 was $235,000. Capital expenditures were $137,000, and cash dividends were $58,600. Compute the following ratios for 2020. (Round free cash flow to O decimal places, eg. 5,275 and all other answers to 2 decimal places, eg. 1.83 or 1.83%. Use 365 days for calculation.) (a) $ (b) (c) %% 1 (d) le) Earnings per share Return on common stockholders equity Return on assets Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Times interest eamed times (1) days times th) days times 0 Asset turnover times Debt to assets ratio 00 Free cash flow $