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Danner Corporation and London Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its

Danner Corporation and London 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.

Danner Corp.

London Corp.

Net income $ 245,600 $ 315,800
Sales revenue 1,915,400 1,991,400
Total assets (average) 3,686,000 3,437,900
Plant assets (average) 2,788,200 1,841,300
Intangible assets (goodwill) 371,300

For each company find the return on assets, profit margin and asset turnover.

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