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Culver Corporation and Bridgeport Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its
Culver Corporation and Bridgeport 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) Culver Corp. $ 253,740 1,268,700 4,229,000 2,790,000 400,100 Bridgeport Corp. $ 359,190 1,381,500 3,453,750 1,891,000 For each company, calculate these values: (Round return on assets and profit margin to 1 decimal place, e.g. 6.2% and asset turnover to 2 decimal places, e.g. 17.54.) Culver Corp. Bridgeport Corp. (1) Return on assets (2) Profit margin (3) Asset turnover times
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