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Blythe Corporation and Jacke Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its
Blythe Corporation and Jacke 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 Blythe Corp. Jacke Corp $240,000 300,000 1,150,000 1,200,000 3,200,000 3,000,000 1,800,000 0 Net income Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) 2,400,000 300,000 For each company, calculate these values: (Round answers to 2 decimal places, eg. 6.25% or 17.54) Blythe Corp. Jacke Corp 7.50 | 96 (1) Return on assets (2) Proft margin (3) Asset turnover 10.00 | % 20.87 | % 25.00 | % 36 times .40 times
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