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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
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. Net income Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) Bramble Corp. $ 167,960 839,800 3,230,000 291,000 489,100 Indigo Corp. $ 182,460 912,300 1,769,862 1,841,000 0 (a) For each company, calculate these values: (Round answers to 3 decimal places, e.g. 6.250% or 17.540.) Bramble Corp. Indigo Corp. (1) Return on assets % % (2) Profit margin % % (3) Asset turnover times times
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