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In: AccountingComparative statement data for ABC Company and XYZ Company ispresented below. ABCCompany &nComparative statement data for ABC Company and XYZ Company ispresented below. ABCCompany XYZ Company 2018 2017 2018 2017NetSales $1,570,000 $340,000COGS 1,080,490 238,000Operating Expenses 302,275 79,000Interest Expense 6,800 1,252Income tax expense 62,500 7,650Currentassets 325,975 312,410 83,336 79,467Plant assets (net) 521,310 500,000 139,728 125,812Current liabilities 66,325 75,815 35,348 30,281Long-term liabilities 108,500 90,000 29,620 25,000Commonstock 500,000 500,000 120,000 120,000Retained earnings 172,460 146,595 38,096 29,998Prepare a vertical analysis of the 2017 income statement datafor the two companies in columnar form.Comment on the relative profitability of both companies bycomputing return on assets and return on equity.