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%.)

Instructions: use the following information to construct the 2000 balance sheet and income statement for carolina business machines. round all numbers to the nearest whole dollar. all numbers are in thousands of dollars. be sure to read the whole problem before you jump in and get started. at the end of 1999 the firm had $43,000 in gross fixed assets. in 2000 they purchased an additional $14,000 of fixed asset equipment. accumulated depreciation at the end of 1999 was $21,000. the depreciation expense in 2000 is $4,620. at the end of 2000 the firm had $3,000 in cash and $3,000 in accounts payable. in 2000 the firm extended a total of $9,000 in credit to a number of their customers in the form of accounts receivable. the firm generated $60,000 in sales revenue in 2000. their cost of goods sold was 60 percent of sales. they also incurred salaries and wages expense of $10,000. to date the firm has $1,000 in accrued salaries and wages. they borrowed $10,000 from their local bank to finance the $15,000 in inventory they now have on hand. the firm also has $7,120 invested in marketable securities. the firm currently has $20,000 in long-term debt outstanding and paid $2,000 in interest on their outstanding debt. over the firm's life, shareholders have put up $30,000. eighty percent of the shareholder's funds are in the form of retained earnings. the par value per share of carolina business machines stock is

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.