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6.9-2 > Ch.9-2 U TIG s Weygandt, Financial and Managerial 3e Help System Announcements Pina Colada Company and Flint Corporation, two corporations of roughly the
6.9-2 > Ch.9-2 U TIG s Weygandt, Financial and Managerial 3e Help System Announcements Pina Colada Company and Flint Corporation, two corporations of roughly the same size, are both involved in the manufacture of in-line skates. Each company depreciates its plant assets using the straight-line approach. An Investigation of their financial statements reveals the following information Net Income Sales revenue Average total assets Average plant assets Pina Colada Co. Flint Corp. $ 840,000 $1,000,000 1,132,200 1,203,600 2,220,000 2,040,000 1,810.000 1.070,000 For each company, calculate the asset turnover (Round answers to 2 decual places, e. Flint Corp. Pina Colada Co. times Asset turnover Click if you would like to show Work for this question: Don Shan Work Question Attempts: Unlimited test/aglist.uni?id=asnmt2287857*N1002D
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