Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021. Duke Company Lord Company
2022 2021 2022 2021
Net sales $1,849,000 $546,000
Cost of goods sold 1,063,200 289,000
Operating expenses 240,000 82,000
Interest expense 6,800 3,600
Income tax expense 62,000 28,000

Current assets 325,980 $312,410 83,336 $79,467
Plant assets (net) 526,800 500,000 139,729 125,812
Current liabilities 66,325 75,815 35,348 30,281
Long-term liabilities 113,990 90,000 29,620 25,000

Common stock, $10 par 500,000 500,000 120,000 120,000
Retained earnings 172,460 146,600 38,096 29,998

Required:
a. Prepare a vertical analysis of the 2022 income statement data for Duke Company and Lord Company.
b. Compute the 2022 return on assets and the return on common stockholders’ equity for both companies.

Read the overview below and complete the activities that follow.apartment complexes often look for ways to recruit new tenants and retain current tenants. although apartment complexes offer the tangible benefit of shelter to their tenants, many apartment complexes also offer additional services to tenants to encourage tenants to stay or to support the rent prices. the following scenario identifies the several service gaps of a company that runs an apartment complex as well as solutions for reducing these service gaps.concept review: customers have certain expectations about how a service should be delivered. a service gap occurs when the delivery of a service fails to meet customer expectations. there are four types of service gaps: knowledge gap, standards gap, delivery gap, and the communications gap. it is important for marketers to identify these gaps and develop strategies for minimizing them.match the example or solution to the appropriate service gap category.1. wait for repairs 5. train employees well2. understand expectations 6. incentives for tenants3. do not overpromise 7. family movie night4. empower employees 8. delayed lawn careservice gap example solutionknowledge gap standards gap delivery gap communication gap