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Blue Corporation and Bramble Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe- tracing devices. Each company depreciates
Blue Corporation and Bramble 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 following information Net income Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) Blue Corp. Bramble Corp. $ 248,930 $ 328,650 1.296,510 1,369.375 3,410,000 3,130,000 2.580,000 1,802,000 352,100 0 (a) For each company, calculate these values: (Round answers to 2 decimal places, eg, 6.25% or 17.54.) Blue Corp. Bramble Corp. (1) Return on assets % % (2) Profit margin % % (3) Asset turnover times times e Textbook and Media S Attemnts of used Submit An
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