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Blue Corporation and Swifty Corporation, two companies of roughly the same size, are both involved in the manufacture of shoetracing devices. Each company depreciates its
Blue Corporation and Swifty Corporation, two companies of roughly the same size, are both involved in the manufacture of shoetracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. (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.)
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