Here are comparative financial statement data for Duke Company and Lord Company, two competitors. All data are as of December31, 2022, and December 31, 2021.Net salesCost of goods soldOperating expensesInterest expenseIncome tax expenseCurrent assetsPlant assets (net)Current liabilitiesLong-term liabilitiesCommon stock, $10 parRetained earningsDuke Company2022$1,849,0001,063,200240,0006,80062,000325,975526,80066,325113,990500,000172,4602021$312,410500,00075,81590,000500,000146,595Lord Company2022$546,000289,00082,0003,60028,00083,336139,72835,34829,620120,00038,0962021$79,467125,81230,28125,000120,00029,998 Prepare a vertical analysis of the 2022 income statement data for Duke Company and Lord Company. (Round percentages to 1decimal place, e.g. 12.1%.)→++$$DollarsCondensed Income StatementDuke CompanyPercent%%%%%%%%+$$DollarsLord CompanyPercer

VERTICAL ANALYSIS OF FINANCIAL STATEMENT Vertical analysis is a method of analyzing the…

Prepare a vertical analysis of the 2022 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, e.g. 12.1%.) → + $ $ Dollars Condensed Income Statement Duke Company Percent % % % % % % % % + $ $ Dollars Lord Company Percer

Prepare a vertical analysis of the 2022 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, e.g. 12.1%.) → + $ $ Dollars Condensed Income Statement Duke Company Percent % % % % % % % % + $ $ Dollars Lord Company Percer

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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