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CALCAIDU FLSCREEN PHINE & BACH Problem 7-7 Sarasota Corporation and Marigold Corporation, two companies of roughly the same size, are both involved in the manufacture

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CALCAIDU FLSCREEN PHINE & BACH Problem 7-7 Sarasota Corporation and Marigold Corporation, two companies of roughly the same size, are both involved in the manufacture of the tracing devices. Ead company depreciates its plantas using the straight line approach. An investigation of their financial statements reveals the information shown below. Sarasota Corp. Marigold Corp. e attempts Income $ 214,400 $ 269,880 Sales revenue 1,072,000 1,124,500 Total assets (average) 3,350,000 2,941,692 Plant assets (average) 284,000 1,874,000 Intangible assets (goodwill) 365,100 (a) For each company, calculate these values: (Round answers to 3 decimal places, c.g. 6,250% or 17.5-10.) Sarasota Corp. Marigold Corp. (1) Return on assets 96 (2) Profit margin % (3) Asset turnover times times Click if you would like to Show Work for this question: Open Show Work

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