Here are comparative statement data for Wildhorse Company andSandhill Company, two competitors. All balance sheet data are as ofDecember 31, 2022, and December 31, 2021.

		Wildhorse Company				Sandhill Company
		2022		2021		2022		2021
Net sales		$1,892,000				$580,000
Cost of goods sold		1,075,000				298,000
Operating expenses		260,000				87,000
Interest expense		8,200				2,200
Income tax expense		65,300				29,000
Current assets		498,742		$477,987		127,504		$ 121,585
Plant assets (net)		806,004		765,000		213,784		192,492
Current liabilities		101,477		115,997		54,082		46,330
Long-term liabilities		174,405		137,700		45,319		38,250
Common stock, $10 par		765,000		765,000		183,600		183,600
Retained earnings		263,864		224,290		58,287		45,897

(a)

Prepare a vertical analysis of the 2022 income statement data forWildhorse Company and Sandhill Company. (Round allratios to 1 decimal place, e.g. 2.5%.)

Condensed Income Statement For the Year Ended December 31, 2022
	Wildhorse Company					Sandhill Company
	Dollars		Percent			Dollars		Percent
select an income statement item                                                      Total ExpensesTotalOperating ExpensesDividendsCost of Goods SoldSales RevenuesIncomeFrom OperationsNet SalesIncome Tax ExpenseOther Revenues andGainsOther Expenses and LossesExpensesOperating ExpensesGrossProfitInterest ExpenseRetained Earnings, December 31RetainedEarnings, January 1Income Before Income TaxesNet Income /(Loss)Total Revenues	$1,892,000		enter percentages	%		$580,000		enter percentages	%
select an income statement item                                                      Total ExpensesTotalOperating ExpensesExpensesTotal RevenuesGross ProfitCost of GoodsSoldNet Income / (Loss)Income Before Income TaxesSales RevenuesNetSalesInterest ExpenseOther Expenses and LossesIncome FromOperationsOther Revenues and GainsRetained Earnings, December31Operating ExpensesDividendsIncome Tax ExpenseRetained Earnings,January 1	1,075,000		enter percentages	%		298,000		enter percentages	%
select a summarizing line for the first part                                                     Cost of Goods SoldDividendsOther Revenues and GainsNet SalesTotalExpensesSales RevenuesGross ProfitIncome Tax ExpenseRetainedEarnings, December 31Operating ExpensesIncome Before IncomeTaxesIncome From OperationsExpensesNet Income / (Loss)OtherExpenses and LossesTotal RevenuesInterest ExpenseRetained Earnings,January 1Total Operating Expenses	817,000		enter percentages	%		282,000		enter percentages	%
select an income statement item                                                      Net SalesIncome FromOperationsCost of Goods SoldOther Expenses and LossesDividendsOtherRevenues and GainsIncome Tax ExpenseExpensesTotal ExpensesNetIncome / (Loss)Interest ExpenseTotal Operating ExpensesIncomeBefore Income TaxesRetained Earnings, January 1Retained Earnings,December 31Total RevenuesGross ProfitSales RevenuesOperatingExpenses	260,000		enter percentages	%		87,000		enter percentages	%
select a summarizing line for the second part                                                     Income Tax ExpenseCost of Goods SoldNet Income / (Loss)Income FromOperationsNet SalesTotal Operating ExpensesGross ProfitIncomeBefore Income TaxesDividendsOther Expenses and LossesTotalRevenuesInterest ExpenseTotal ExpensesExpensesOperatingExpensesSales RevenuesOther Revenues and GainsRetained Earnings,January 1Retained Earnings, December 31	557,000		enter percentages	%		195,000		enter percentages	%
select an opening section name                                                      Operating ExpensesSalesRevenuesTotal ExpensesGross ProfitIncome Before Income TaxesCost ofGoods SoldExpensesRetained Earnings, December 31Net Income /(Loss)Income From OperationsRetained Earnings, January 1OtherExpenses and LossesIncome Tax ExpenseTotal Operating ExpensesNetSalesTotal RevenuesDividendsOther Revenues and GainsInterestExpense
select an income statement item                                                      Interest ExpenseNetSalesGross ProfitTotal Operating ExpensesRetained Earnings, January1Other Revenues and GainsExpensesIncome Tax ExpenseIncome FromOperationsRetained Earnings, December 31Total ExpensesSalesRevenuesOperating ExpensesNet Income / (Loss)Total RevenuesCost ofGoods SoldIncome Before Income TaxesOther Expenses andLossesDividends	8,200		enter percentages	%		2,200		enter percentages	%
select a summarizing line for the third part                                                     Other Revenues and GainsGross ProfitExpensesIncome TaxExpenseRetained Earnings, January 1Total RevenuesRetained Earnings,December 31Total Operating ExpensesIncome Before Income TaxesIncomeFrom OperationsDividendsSales RevenuesNet Income / (Loss)NetSalesInterest ExpenseCost of Goods SoldOther Expenses andLossesTotal ExpensesOperating Expenses	548,800		enter percentages	%		192,800		enter percentages	%
select an income statement item                                                      InterestExpenseExpensesTotal RevenuesGross ProfitTotal ExpensesNetSalesCost of Goods SoldRetained Earnings, January 1Total OperatingExpensesIncome From OperationsRetained Earnings, December 31NetIncome / (Loss)DividendsOperating ExpensesSales RevenuesIncomeBefore Income TaxesOther Revenues and GainsIncome Tax ExpenseOtherExpenses and Losses	65,300		enter percentages	%		29,000		enter percentages	%
select a closing name for this statement                                                     ExpensesIncome From OperationsNet SalesOperating ExpensesNet Income/ (Loss)Total ExpensesIncome Tax ExpenseCost of Goods SoldOtherExpenses and LossesRetained Earnings, January 1InterestExpenseTotal RevenuesIncome Before Income TaxesOther Revenues andGainsTotal Operating ExpensesSales RevenuesDividendsRetainedEarnings, December 31Gross Profit	$483,500		enter percentages	%		$163,800		enter percentages	%

(b1)

Compute the 2022 return on assets and the return on commonstockholders’ equity for both companies. (Round allratios to 1 decimal place, e.g. 2.5%.)

		Wildhorse Company			Sandhill Company
Return on assets		enter percentages	%		enter percentages	%
Return on common stockholders’ equity		enter percentages	%		enter percentages	%