Accounting

Question 4 of 4 - /1 E View Policies Current Attempt in Progress Bramble Corporation and Indigo Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. Bramble Corp. Indigo Corp. Net income $ 244,500 $ 347,850 Sales revenue 1,222,500 1,449,375 Total assets (average) 4,075,000 2,898,750 Plant assets (average) 2,910,000 1,841,000 Intangible assets (goodwill) 489,100 (a) For each company, calculate these values: (Round return on assets and profit margin to 1 decimal place, e.g. 6.2% and asset turnover to 2 decimal places, e g. 17.54.) Bramble Corp. Indigo Corp. (1) Return on assets % (2) Profit margin % % (3) Asset turnover times times e Textbook and Media