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problem: Comparative statement information for Douglas and Maulder Company, two (2) competitors, appear below. All balance sheet data are as of December 31, 2009, & December 31, 2008.

Douglas Company Maulder Company

 

2009

2008

2009

2008

Net sales

$1,549,035

 

$339,038

 

Cost of goods sold

1,080,490

 

241,000

 

Operating expenses

79,000

 

302,275

 

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

Instructions;
[A] Make a vertical analysis of the 2009 income statement information for Douglas firm and Maulder firm in columnar form.
[B] Comment on the relative profitability of the companies by calculating the return on assets & the return on common stockholders' equity ratios for both firms. Be sure to show your computations for each ratio using M.S. Excel [the details of the information used to compute].

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922532

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