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Current Attempt in Progress Flint Corporation and Bramble Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe- tracing

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Current Attempt in Progress Flint Corporation and Bramble 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. Flint Corp. Bramble Corp. $325,440 Net income $ 272,930 Sales revenue 1,949.500 2,034,000 4,873.750 4,068,000 Total assets (average) Plant assets (average) Intangible assets (goodwilly 2,880,000 1,858,000 435.100 0 (a) For each company, calculate these values: (Round return on assets and profit margin to 1 decimal place, es. 6.2% and asset turnover to 2 decimal places, eg. 17.54.) Flint Corp Bramble Corp (1) Return on assets % % (2) Proht margin 96 (3) Asset turnover times times

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