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Comparative financial statement data for Sheridan Ltd. and Sunland Ltd., two competitors, follow: ...

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Accounting

Comparative financial statement data for Sheridan Ltd. and Sunland Ltd., two competitors, follow:
Sheridan Ltd. Sunland Ltd.
2024202320242023
Net sales $1,231,000 $901,000
Cost of goods sold 396,000625,000
Operating expenses 66,00069,000
Interest expense 2,0002,100
Income tax expense 16,4606,600
Current assets 1,109,000 $1,007,000300,000 $173,000
Capital assets (net)1,759,0001,661,000650,250512,000
Current liabilities 274,000908,00084,40066,000
Long-term liabilities 789,000669,000125,00086,000
Share capital 981,715893,000385,000375,000
Retained earnings 823,285198,000355,850158,000
Calculate the return on assests and the return on shareholders' equity for both companies(round answer to 1 decemal place, e.g,15.1%)

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