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can i have help solving this and showing steps? Novak Company and Flounder Corporation, two corporations of roughly the same size, are both involved in

can i have help solving this and showing steps?

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Novak Company and Flounder Corporation, two corporations of roughly the same size, are both involved in the manufacture of in- line skates. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the following information. Novak Co. Flounder Corp. Net income $ 830,000 $1,070,000 Sales revenue 1,086,800 1,063,800 Average total assets 2,470,000 1,970,000 Average plant assets 1,810,000 1,090,000 (2) For each company. calculate the asset turnover. (Round answers to 2 decimal places, eg. 0.60.) Novak Co. Flounder Corp. Asset turnover times times

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