Comparative financial statement data for Donovan Company and Maltese Company,two competitors in the same industry,appear below.All balance sheet data are as of December 31,2012,and December 31,2011.
REQUIRED:
(a)Prepare a common-size 2012 income statement using the data for Donovan Company and Maltese Company in columnar form.
(b)Comment on the relative profitability of the companies by computing the return on assets (Net income/(Average total assets)and the return on total equity (Net income / (Average Shareholders' Equity)ratios for both companies.
Definitions:
Controlled Comparative
A research method that involves the comparison of two or more groups or treatments to assess their effectiveness or outcomes.
Adlerian Therapy
A form of psychotherapy based on the theories of Alfred Adler, focusing on creating a sense of belonging and significance within societal contexts.
Outcome Studies
Research that focuses on the results or outcomes of specific interventions or treatments to determine their effectiveness.
Parental Domination
Refers to a situation where parents extensively control or influence their children's lives, often beyond what is considered normal guidance or discipline.
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