Check my work Roak Company and Clay Company are similar firms that operate in the same industry. Clay began operations 2 years ago and Rook started 5 years ago. In the current year, both companies pay 8% interest on their debt to creditors. The following additional information is available 2 Yrs O Clay Company 1 YA Current Yr 4.4 Current Yr 2 Yrs 4 Total asset turnover Return on total assets Profit margin ratio Sales Reak Company 1 yr ago 4.1 12.2% 3.8% $445,000 3.7% $475,000 12.33 3. $451,600 6.96 S. 5275.000 5. $235.000 5.5 $175,000 1. lal Which company has the better profit margin? (Which has the better asset turnover? (c) Which has the better return on assets? 2. Which company has the better rate of growth in sales? 3. (a) Did Roak successfully use financial leverage in the current year? (b) Did Clay? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 (al which company has the better profit margin? (b) which has the better asset turnover? (c) which has the better return on assets a which may has the better of marin? Next > 1. (a) Which company has the better profit margin? (b) Which has the better asset turnover? ( Which has the better retum on 2. Which company has the better rate of growth in sales? 3. (a) Did Roak successfully use financial leverage in the current year? (b) Did Clay? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Which company has the better rate of growth in sales? Which company has the better rate of growth in sales? Help 1. (a) Which company has the better profit margin? (b) Which has the better asset turnover? Which has the better return on assets 2. Which company has the better rate of growth in sales? 3. (a) Did Roak successfully use financial leverage in the current year? (b) Did Clay? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 3 a) Did Roak successfully use financial leverage in the current year? (b) Did Clay? a) Did Roak successfully use financial leverage in the current year? by Did Clay? 19 of 22 : Kre O PH . to search