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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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cost of Goods Sold Gross Prof (61) Operating Expenses eTextbook and Media eTextbook 1 Textbook 2 V V Save for Later Last saved 19 seconds ago Return on assets v Return on common stockholders' equity Lily 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% S Maria Company % N 16 % 96
Transcribed Image Text:Cost of Goods Sold Gross Prof (61) Operating Expenses eTextbook and Media eTextbook 1 Textbook 2 V V Save for Later Last saved 19 seconds ago Return on assets v Return on common stockholders' equity Lily 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% S Maria Company % N 16 % 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, 2021 Maria Company 2022 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, 510 par Retained earnings (a) Cost of Goods Sold Gross Pro Operating Expenser Lily Company 2022 $1,836,000 1,050 192 268.056 9:180 53.244 329.500 $311,800 522.000 64.000 109.000 496,000 162.500 148,400 V > 2021 > ♥ 74,400 90,000 $561,000 296,208 Dollars 79,101 3.927 6,732 82.600 497.000 138,600 35.800 28,600 496,000 120,000 120,000 36,800 2021 Prepare 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 Statement For the Year Ended December 31, 2022 $78,600 124,800 29.200 25,200 29,000 Lily Company Percent 56 S % % Dollars Maria Company Percent R %
Transcribed Image Text: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, 2021 Maria Company 2022 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, 510 par Retained earnings (a) Cost of Goods Sold Gross Pro Operating Expenser Lily Company 2022 $1,836,000 1,050 192 268.056 9:180 53.244 329.500 $311,800 522.000 64.000 109.000 496,000 162.500 148,400 V > 2021 > ♥ 74,400 90,000 $561,000 296,208 Dollars 79,101 3.927 6,732 82.600 497.000 138,600 35.800 28,600 496,000 120,000 120,000 36,800 2021 Prepare 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 Statement For the Year Ended December 31, 2022 $78,600 124,800 29.200 25,200 29,000 Lily Company Percent 56 S % % Dollars Maria Company Percent R %
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