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Question 1 Comparative statement data for Whispering Company and Metlock Company, two competitors, appear below. All statement...

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Finance

Question 1

Comparative statement data for Whispering Company and MetlockCompany, two competitors, appear below. All statement of financialposition data are as of December 31, 2017, and December 31,2016.

Whispering Company

Metlock Company

2017

2016

2017

2016

Net sales£1,504,113£339,668
Cost of goods sold1,023,277236,886
Operating expenses277,40276,916
Interest expense7,9702,320
Income tax expense61,8397,410
Plant assets (net)596,402Ă‚ÂŁ572,775143,285Ă‚ÂŁ 128,013
Current assets408,279385,36685,11781,019
Share capital—ordinary, £5 par582,000582,000140,000140,000
Retained earnings253,932216,97352,05444,504
Non-current liabilities102,77584,60115,74611,897
Current liabilities65,97474,56720,60212,631

Prepare a vertical analysis of the 2017 income statement datafor Whispering Company and Metlock Company in columnar form.(Round percentages to 1 decimal place, e.g. 12.1%.Enter all percentages as positive numbers.)

Compute the return on assets and the return on ordinaryshareholders’ equity for both companies. (Roundpercentages to 1 decimal place, e.g. 12.1%.)

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