s Cost of Goods SoldGross Prof(61)Operating ExpenseseTextbook and MediaeTextbook 1Textbook 2VVSave for Later Last saved 19 seconds agoReturn on assetsvReturn on common stockholders' equityLily Company%%%Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies (Round answers to 1 decimal plice, eg 12.1%)2"1% SMaria Company%N16%96 Here are comparative financial statement data for Lily Company and Maria Company, two competitors. All data are as of December 31, 2022, and December 31, 2021Maria Company2022Net salesCost of goods soldOperating expensesInterest expenseIncome tax expenseCurrent assetsPlant assets (net)Current liabilitiesLong-term liabilitiesCommon stock, 510 parRetained earnings(a)Cost of Goods SoldGross ProOperating ExpenserLily Company2022$1,836,0001,050 192268.0569:18053.244329.500 $311,800522.00064.000109.000496,000162.500 148,400V>2021>♥74,40090,000$561,000296,208Dollars79,1013.9276,73282.600497.000 138,60035.80028,600496,000 120,000 120,00036,8002021Prepare avertical analysis of the 2022 income statement data for Lily Company and Maria Company. (Round percentages to 1 decimal place, eg 12.1%)Condensed Income StatementFor the Year Ended December 31, 2022$78,600124,80029.20025,20029,000Lily CompanyPercent56S%%DollarsMaria CompanyPercentR%

Return on asset is a ratio that compares the net income to the average total assets. It indicates…

Cost of Goods Sold Gross Prof (61) Operating Expenses Textbook and Media eTextbook 1 *Textbook 2 V V V Sve for Laser Last saved 19 seconds ago % % Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies (Round answers to 1 decimal plice, es 12.1%) 1 % %6 26