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ABC Company and XYZ Corporation are comparable size companies involved in the fashion business. Each company depreciates its plant assets using the straight-line method. Their

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ABC Company and XYZ Corporation are comparable size companies involved in the fashion business. Each company depreciates its plant assets using the straight-line method. Their financial statements reveal the following information. For each company, calculate the asset turnover. Based on your calculations in part (a), comment on the relative effectiveness of the two companies in using their assets to generate sales and produce net income

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