Comparative statement data for Lionel Company and Barrymore - 14024

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Problem 18-1A

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Comparative statement data for Lionel Company and Barrymore Company, two competitors, appear below. All balance sheet data are as of December 31, 2013, and December 31, 2012.

   

Lionel Company

 

Barrymore Company

   

2013

 

2012

 

2013

 

2012

Net sales

 

$1,549,035

     

$339,038

   

Cost of goods sold

 

1,080,490

     

241,000

   

Operating expenses

 

302,275

     

79,000

   

Interest expense

 

8,980

     

2,252

   

Income tax expense

 

54,500

     

6,650

   

Current assets

 

325,975

 

$312,410

 

83,336

 

$ 79,467

Plant assets (net)

 

521,310

 

500,000

 

139,728

 

125,812

Current liabilities

 

65,325

 

75,815

 

35,348

 

30,281

Long-term liabilities

 

108,500

 

90,000

 

29,620

 

25,000

Common stock, $10 par

 

500,000

 

500,000

 

120,000

 

120,000

Retained earnings

 

173,460

 

146,595

 

38,096

 

29,998

 

Prepare a vertical analysis of the 2013 income statement data for Lionel Company and Barrymore Company in columnar form. (Round percentages to 1 decimal place, e.g. 12.1%.)

Compute the return on assets and the return on common stockholders’ equity ratios for both companies. (Round percentages to 1 decimal place, e.g. 12.1%.)

 

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