question archive 1) Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company
1) Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company
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1) Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, e.g. 12.1%.) Condensed Income Statement For the Year Ended December 31, 2020 Duke Company Dollars Percent Dollars Net Sales $ 1884000 100 % $ Cost of Goods Sold 1079532 i 57.3 i % 296 Gross Profit 804468 42.7 % Operating Expenses 259992 i 13.8 i % 79 Income From Operations 544476 28.9 % Other Expenses and Losses Interest Expense 7536 i 4 i % 4 Income Before Income Taxes 536940 28.5 % Income Tax Expense 54636 2.9 i % Net Income /(Loss) $ 482304 25.6 % $ Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, e.g. 12.1%.) Condensed Income Statement For the Year Ended December 31, 2020 Duke Company Lord Company Dollars Percent Dollars Percent 1884000 100 % $ 559000 100 % 1079532 57.3 i % 296829 53.1 i % 804468 42.7 % 262171 46.9 % 259992 i 13.8 i % 79937 i 14.3 i % 544476 28.9 % 182234 32.6 % 7536 i % 4472 i .8 i % 536940 28.5 % 177762 31.8 % 54636 i 2.9 i % 6149 i 1.1 i % 482304 25.6 % 171613 30.7 % Question 1 of 5 < > 0.5 / 1 E Juu 536940 28.5 % 177762 31.8 % 54636 2.9 i % 6149 i 1.1 i % 482304 25.6 % $ 171613 30.7 % e Textbook and Media Attempts: 2 of 3 used (51) Compute the 2020 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.) Duke Company Lord Company Return on assets % % Return on common stockholders' equity % % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
