Here are comparative statement data for Sheridan Company and Crane Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Sheridan Company Crane Company
2020 2019 2020 2019
Net sales $1,861,000 $556,000
Cost of goods sold 1,051,465 323,592
Operating expenses 241,930 75,616
Interest expense 7,444 3,892
Income tax expense 65,135 28,356
Current assets 323,300 $313,100 81,900 $78,900
Plant assets (net) 527,500 500,000 138,300 125,600
Current liabilities 66,000 75,200 35,500 30,600
Long-term liabilities 116,000 88,000 29,200 24,700
Common stock, $10 par 491,000 491,000 118,000 118,000
Retained earnings 177,800 158,900 37,500
31,200
1. Prepare a vertical analysis of the 2020 income statement data for Sheridan Company and Crane Company. (Round all ratios to 1 decimal place, e. g. 2.5%.)
2. Compute the 2020 return on assets and the return on common stockholders’ equity for both companies. (Round all ratios to 1 decimal place, e. g. 2.5%.)